All About Shazmeer Jiwan

  Kenya is edging closer to a historic milestone as it prepares to begin commercial crude oil exports by 2026, with the Turkana oil fields poised to become the heart of this transformative development. After years of exploration, pilot production, and logistical planning, the country is now aligning infrastructure, policy, and investment to capitalize on its emerging petroleum sector. A Decade in the Making Discovered in 2012 by British exploration company Tullow Oil, the Turkana oil fields in northwestern Kenya have been hailed as a major breakthrough in East Africa ’s energy landscape. Estimated to hold up to 560 million barrels of recoverable oil, the Lokichar Basin has undergone extensive appraisal and small-scale testing since the initial discovery. The Early Oil Pilot Scheme (EOPS), launched in 2018, saw Kenya transport over 200,000 barrels of crude to the port of Mombasa by road for testing international market interest. Though not commercially viable at scale,...

  A significant topic about the Kenyan economy is the government's newly unveiled KSh 4.2 trillion (approximately $32.5 billion USD) budget for the 2025/2026 financial year. Here's why this is a positive development: Focus on Economic Growth: The budget, presented by the Cabinet Secretary for National Treasury and Economic Planning, John Mbadi, is explicitly aimed at "reigniting economic activity" and fostering "sustainable economic growth to improve livelihoods and promote business and industrial prosperity." This signals a clear government commitment to economic expansion. Reduced Tax Burden and Broadened Base: The budget proposals were developed with public consultations in mind, specifically addressing concerns about new tax measures. As such, it focuses on easing the tax burden on Kenyans by broadening the tax base and improving tax compliance. This approach aims to stimulate consumption ...

  After years of anticipation and a journey marked by both discovery and delay, Kenya is setting an ambitious new target to commence commercial crude oil exports by the end of 2026. This definitive timeline, confirmed by Cabinet Secretary for Energy and Petroleum Opiyo Wandayi, signals a renewed push for the East African nation to unlock the vast potential of its Turkana oil fields and establish itself as a significant regional energy player. The heart of Kenya's oil aspirations lies in the South Lokichar Basin in Turkana County, which boasts an estimated 560 million barrels of recoverable oil. The total oil in place is believed to exceed 4 billion barrels, painting a promising picture for future production. A pivotal development in this renewed drive is the imminent acquisition of British oil major Tullow Oil's Kenyan assets by Gulf Energy Ltd. Tullow Oil, credited with the initial major oil discovery at the Ngamia-1 well in 2012, has been a key operator in the basin. Gulf Ene...