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Originally published by The Standard Business
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February 16, 2026
3d ago

Government projects Sh370b in revenue from Lokichar oil fields

Government projects Sh370b in revenue from Lokichar oil fields

The government is expected to earn between Sh136 billion and Sh371 billion once the South Lokichar oil project begins full development and production of oil in Turkana County...

✨ Key Highlights

The Kenyan government projects to earn between Sh136 billion and Sh371 billion from the full development and production of oil in Turkana County's South Lokichar oil project. This revenue is expected to come from direct oil profit shares and government participation in the project.

  • National Treasury CS John Mbadi stated that Kenya Petroleum Refinery Limited is projected to earn Sh42.3 billion in storage and handling revenues.
  • The project involves the full development and production of oil in Turkana County.
  • The revenue estimates were shared during a joint meeting of the Senate and National Assembly Energy Committees.

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