Spy Ghana: Kenya Vows to Ensure Locals Benefit from Mineral Exploitation

“We should avoid situations where discovery of oil becomes a curse to the local communities because the exploration process does not benefit them,” said Deputy President William Ruto when he officially opened the 2nd Oil and Energy Services, Local Content Convention in Nairobi.

Ruto said that the African continent has been the stage for a sad and discriminatory narrative; the exploitation of oil and minerals has been tainted if not paired with conflict, limited economic impact and environmental concerns.

“We want a situation where exploration of natural resources benefits the local communities and ensure fair returns for the investors as well,” he said.

The forum provides an opportunity for local service companies to learn from larger oil field service firms as well as oil and gas companies from other countries.

According to the organizers, one of the key concerns in the industry is the lack of a clear law on how local companies can be included in the oil and gas supply chain.

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