An oil rig worker at Ngamia 3 in Turkana. Tullow Oil Company on Aug 28, 2014 announced discovery of oil at the Etom 1 exploration well that it said extended the already proven South Lokichar Basin “significantly northwards”. FILE PHOTO | NATION MEDIA GROUP
The National Treasury has cut Sh9.84 billion in funding for the development of the South Lokichar Basin, hurting the country’s dream of delivering its first oil before the end of 2026.
Budget estimates approved by the National Assembly last Thursday excluded the entire Sh9.84 billion, which had earlier been apportioned to the State Department for Petroleum for development of the oil field.
