Resource Allocation to State Department for Petroleum

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Resource Allocation to State Department for Petroleum

According to Kenya’s Budget Policy Statement 2018, the state department responsible for exploration and drilling for petroleum may be allocated ksh. 3.1 billion in fiscal year 2018/2019.

These resources will be us used for administration and value addition on crude oil.

The government will also engage in exploration for coal and iron deposits. This is in an effort towards making the sector contribute at least 10 percent of the Gross Domestic Product (GDP).


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Geoffrey Kerosi is a prolific economics writer and an avid reader in economics, finance, business, politics and technology.

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