Maximise local content in oil and gas sector

By Kiraitu Murungi

There is a growing body of literature, under the broad theory of ‘Africa’s oil curse’ that associates oil with poverty. Andy Stere, in his book, Who Won the Oil Wars, points out that oil has been the cause of some of the World’s bloodiest conflicts. He says oil wealth doesn’t bring any tangible benefits to the population as a whole and that it creates a stark divide between the rich and the poor, which could lead to revolution or civil war.