Kenya has an abundance of largely untapped natural resource wealth which, to date, has attracted considerable investor attention. Recent oil discoveries announced by Tullow Oil and Africa Oil signal the strong potential for sector growth in a previously unremarkable upstream oil and gas sector, as well as a robust mining sector, following additional discoveries of rare earth deposits, coal, and other mineral deposits. These developments are projected to grow the economy significantly through direct exploitation of minerals and mineral resources and there are related opportunities that could be leveraged further for the benefit of Kenya’s economic growth and development....

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The petroleum industry is broadly divided into three segments namely: upstream (exploration and production), mid-stream (storage, refining and transportation) and downstream (supplyand distribution). The upstream segment primarily involves the processes of exploration, development and production of crude oil and natural gas. As there is no production in Kenya today, this segment is primarily involved inexploration...

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