Kenya to Launch Licensing Round for Ten Oil Blocks in September 2023

Kenya will launch a licensing round for ten oil blocks in September 2023 to boost exploration and attract investment in its energy sector.

Kenya’s Ministry of Petroleum and Mining has announced plans to initiate a licensing round for ten oil blocks in September 2023. This strategic move aims to bolster the country’s oil exploration efforts and attract investment in the energy sector. The government remains optimistic about the potential resources available in these blocks, positioning Kenya as a crucial player in the East African energy landscape.

Kenya’s impending licensing round for ten oil blocks reflects its commitment to enhancing oil exploration and investment within the country. By attracting potential investors, the government aims to strengthen its energy sector and capitalize on its abundant resources, thereby enhancing its position within East Africa’s energy market.

Original Source: www.marketscreener.com