K
Originally published by Kenyanstop
August 1, 2026
16h ago
EPRA Caps Borrowing for Future Oil Projects Ahead of Commercial Production
Under the proposals, firms that fail to allow for audits risk being fined with figures of up to Ksh20 million, with the regulations coming months ahead of commercial oil drilling in Kenya...
✨ Key Highlights
Kenya's energy regulator, EPRA, is introducing new regulations to cap debt financing for future oil and gas projects, aiming to strengthen financial oversight ahead of commercial drilling in Turkana.
- Proposed regulations mandate a maximum 70:30 debt-to-equity ratio for petroleum projects.
- The Energy and Petroleum Regulatory Authority (EPRA) will oversee compliance, with non-compliant firms facing fines up to Ksh20 million.
- These rules aim to ensure financially stable projects and prevent debt from delaying or undermining developments.
Continue Reading
Read the complete article from Kenyans
Advertisement
Related News
Advertisement