It is when the upstream petroleum law is in place that Kenya can expect to make impactful progress in oil and gas exploration and production. Until this happens the investors will mostly take small measured steps as they cautiously delay committing final investment decisions.
The law is a critical sector enabler. It provides regulatory and fiscal frameworks that govern investments and operations in the sector while setting up institutions that are responsible for making it happen. The law is also the basis for protection of the environment and stakeholder interests, while providing basis for conflict resolution.
