EPRA Introduces New Unit as Turkana Oil Production Begins

The move is towards self-sufficiency, which calls for rigorous scrutiny to ensure that the prices from the production align with the international prices and position Kenya as a regional oil production hub...

✨ Key Highlights

The Energy Petroleum and Regulatory Authority (EPRA) has announced the initiation of a Petroleum Cost Recovery Audit for oil production companies in Turkana, set to commence in December.

The audit will ensure that oil companies only recover legitimate expenses, preventing cost inflation and protecting the government's revenue share.
Key organizations involved include EPRA and oil producer Gulf Energy Ltd.
This move comes as Kenya aims for oil self-sufficiency, with the audit deadline for applications set for May 12.

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