Kenyans should be the winners in oil contracts

When Kenya struck oil in Turkana and Wajir counties a few years ago, majority of Kenyans were excited at the prospect of petrol dollars. Finally, the hitherto dry and poverty-stricken counties were on the cusp of a breakthrough and in the process, Kenya would join the league of oil-rich countries. Oil, as a source of energy, is one of the most sought-after resources in the world.

However, emerging reports indicate Kenya could get a raw deal in the exploration and exploitation of the resource. It has emerged that in the contracts Kenya has signed with big oil companies, there is no provision for royalties.