Potential Government Revenues from Turkana Oil (2016)
This report seeks to provide an estimate of the scale and timing of possible Kenya national government and Turkana county government revenues from Turkana oil. The series of successful oil exploration wells in the South Lokichar basin has generated high expectations for the country as a whole and for the historically marginalized Turkana region. Published revenue projections suggest that peak annual receipts to the Government of Kenya could range from USD 800 million to as much as USD 3 billion.1 Provisions in the 2015 draft Petroleum Bill for transfers of government oil revenue to Counties (20%) and Communities (5%) generate additional interest.