𝐓𝐔𝐑𝐊𝐀𝐍𝐀 𝐎𝐈𝐋 𝐃𝐄𝐀𝐋 𝐔𝐍𝐃𝐄𝐑 𝐅𝐈𝐑𝐄 𝐎𝐕𝐄𝐑 𝐂𝐎𝐒𝐓 𝐑𝐄𝐂𝐎𝐕𝐄𝐑𝐘 𝐂𝐎𝐍𝐂𝐄𝐒𝐒𝐈𝐎𝐍𝐒
Oil and gas experts have urged Parliament to amend the Production Sharing Agreement (PSA) between the government and Gulf Energy E&P B.V over the Turkana oil project to require an independent audit of revenues, warning that the current framework exposes the State to opacity and inflated costs.
The experts proposed that the independent auditor incorporate representatives from the Office of the Auditor-General and the Kenya Revenue Authority (KRA) to enhance transparency and accountability.
