Nairobi – Kenya has offered its 46 newly-discovered oil blocs for interested Nigerian investors in the oil and gas industry to develop.
Minister of Petroleum Resources Diezani Alison-Madueke announced this on Saturday in Nairobi.
The minister said that the offer was part of the outcome of the dialogue group preceding the Nigeria-Kenya Investment Forum held on Friday in Nairobi.
President Goodluck Jonathan, who concluded a three-day state visit to Kenya on Saturday, and his host, President Uhuru Kenyatta, presided over the forum.
The forum had in attendance more than 500 prominent investors from both countries.
Among the delegates were influential Nigerian business magnates who flew into Nairobi, aboard a fleet of seven private jets.
The Minister said that beyond giving the opportunity to Nigerian investors to acquire the oil wells, Kenya also sought Nigeria’s assistance in the formulation of right policies and framework to manage the sector.
“It is well known now that Kenya had recently discovered hydro-carbon reserves and they are very keen to move quite aggressively in terms of exploration activities.
“They felt as sister African country, Nigeria, having many years of oil exploration and production, that it only makes sense that we exchange agreement in cooperation to hand over knowledge, capabilities and experience learnt.
“They seek various templates that we have formulated including policies, processes and a sort of templates that form Petroleum Industry Bill, among others.
“We also looked at areas surrounding Nigeria’s investments possibilities where we think that Nigerian business men and women could come into the oil and gas sector in Kenya.
“They are very keen that Nigerian operators in the upstream, midstream and downstream service sectors of the oil and gas industry look to Kenya as a burgeonis frontier for investments in the oil and gas sector.
“They are also very keen that we robustly support them in setting up the right framework, policies and processes and technology to help them drive the exploration activities,” she said.
The minister said that among the seven MoUs and bilateral Agreements signed by both countries was that on Oil and Gas which spelt out details of the co-operation.
Kenya recently announced that its oil resources met the threshold for commercial exploitation, raising the country’s hope of joining the league of oil-producing nations.
Specifically, Africa Oil, a Canadian oil and gas company, together with British explorer, Tullow Oil Plc, had estimated Kenyan oil reserves at 368 million barrels, a level capable of commercial exploitation.
Minister of Trade and Investments Olusegun Aganga said the maiden economic forum between Nigeria and Kenya had recorded a huge success in terms of trade and economic development between both countries.
He said the forum was a door opener to new range of opportunities that would increase the volume of trade and value of investments between Nigeria and Kenya, which had hitherto so low.
Nigerian business mogul and Forbes Magazine richest black person in the world, Alhaji Aliko Dangote, who led the Nigerian delegation and chaired the dialogue group, said a number of Nigerian investors would be willing to invest in the oil sector in Kenya.
Dangote, at the forum, announced the decision of his conglomerate to invest 400 million dollars (about N64 billion) in cement production in Kenya
The CEO of Forte Oil and Zenon Oil, Femi Otedola, Forbes Magazine’s 26th richest African and Chairman of
Honeywell Group, Oba Otudeko, prominent bankers and investors, Jim Ovia and Tony Elumelu were in the Nigerian delegation to the forum.
Minister of Culture and Tourism Edem Duke said more than 70 per cent of interest by the Kenyan business men at the forum was focussed on tourism.
He said the sector, a greenfield and new frontier with low entry barrier, aroused the interest on many Kenyan business men and women.
According to him, the area of focus would be wild life development, horticulture, hospitality, training, leisure and entertainment facilities. (NAN)

Source: http://www.vanguardngr.com/2013/09/kenya-offers-46-oil-blocs-to-nigerian-investors/

Hmmm... has Nigeria's relentless woes since Oloibiri taught the Kenyans nothing? I never thought I'd say this but "Endtime things"!

Whatever you do , don't let Otedola near any of your lawmakers, Kenya

Kenya, Naija lets go, it's going to be good yeah.

Oyel money. Nigerians know how to build other peoples property anyway, so it might turn out well for Kenya.

I hope they won't chase away the investors and accuse them of being drug baron once their investments start booming.

Chanchit: Oyel money. Nigerians know how to build other peoples property anyway, so it might turn out well for Kenya.

On second thought, I agree with you. Nigeria does have the requisite experience and manpower. After all, there are several Nigerians making waves abroad, but at home it's business as usual unfortunately.

After a visit to Kenya by GEJ, you bet there'll be Fresh air t**z in Kenya.


##Team fresh Air##

Conductor, where my change?

These two countries sef, they are like Tom and Jerry in the cartoon world.

They fight and knock each other, yet they can't stay apart.

I hope some of those "oil money" from kenya will flow back to Nigeria.
We shouldn't give them expertise for nothing.

We are capable

May I jus comment b4 i read

.

Good move,go and loot those monkeys

Oya now lets go!.Mr president,how do i get my own oil block.I wish to start developing mine soon....Does anyone have a link for me?

.

This is not true..
The oyel belongs to Niger deltans!

Na our oyel o!!

Are u still wondering where dangotte will source his crude oil from? Cos the last time someone was sayin since he doesn't see it fit to establish his refinery in that violence/kidnappin prone area called niger delta, they won't allow him to get cride oil...

Like ondo don't av!

My advice to kenyans:

Pls, for God's sake..
Dnt give opportunities to the ibos o!

Look at ghana, abi south africa!
Dem don spoil our name finish!

If u allow them come kenya, dem go start claiming the oyel now and say na dem descendant settle there before and that time. Dem go claim say kenyans na monkeys at that period, dem just evolved decades ago

A word is enuff for the wise o!

SLIDE waxie: This is not true..
The oyel belongs to Niger deltans!

Na our oyel o!!

Are u still wondering where dangotte will source his crude oil from? Cos the last time someone was sayin since he doesn't see it fit to establish his refinery in that violence/kidnappin prone area called niger delta, they won't allow him to get cride oil...

Like ondo don't av!

My advice to kenyans:

Pls, for God's sake..
Dnt give opportunities to the ibos o!

Look at ghana, abi south africa!
Dem don spoil our name finish!

If u allow them come kenya, dem go start claiming the oyel now and say na dem descendant settle there before and that time. Dem go claim say kenyans na monkeys at that period, dem just evolved decades ago

A word is enuff for the wise o!

..my frnd watch ur tonque.

SLIDE waxie: This is not true..
The oyel belongs to Niger deltans!

Na our oyel o!!

Are u still wondering where dangotte will source his crude oil from? Cos the last time someone was sayin since he doesn't see it fit to establish his refinery in that violence/kidnappin prone area called niger delta, they won't allow him to get cride oil...

Like ondo don't av!

My advice to kenyans:

Pls, for God's sake..
Dnt give opportunities to the ibos o!

Look at ghana, abi south africa!
Dem don spoil our name finish!

If u allow them come kenya, dem go start claiming the oyel now and say na dem descendant settle there before and that time. Dem go claim say kenyans na monkeys at that period, dem just evolved decades ago

A word is enuff for the wise o!

You are a he-goat, and a f.ool.

Giant of Africa taking its place among the minnows of the continent. Proudly Nigerian.

I can imagine how the landing of 7 Private Jets. all from Nigeria will feel like. Convoy of Private Jets, I cant wait. We are ripe for prosperity.

SLIDE waxie: This is not true..
The oyel belongs to Niger deltans!

Na our oyel o!!

Are u still wondering where dangotte will source his crude oil from? Cos the last time someone was sayin since he doesn't see it fit to establish his refinery in that violence/kidnappin prone area called niger delta, they won't allow him to get cride oil...

Like ondo don't av!

My advice to kenyans:

Pls, for God's sake..
Dnt give opportunities to the ibos o!

Look at ghana, abi south africa!
Dem don spoil our name finish!

If u allow them come kenya, dem go start claiming the oyel now and say na dem descendant settle there before and that time. Dem go claim say kenyans na monkeys at that period, dem just evolved decades ago

A word is enuff for the wise o!

u wan start e-war by-fire-by-force abi?

nayef:

I am a he-goat, and a f.ool.

agreed! But on the other note, u can start behaving as a human being since u don dey move with real people!

Ok..back to topic:
This aint abt startin an e-war..an my advice to kenyans!

Yes o! Africa is getting there...every african nations are nw discovering oil...that will reduce poverty rate....notin dey happen sha.

kenya is making the mistake of the century associating oil with nigeria

Chanchit: Oyel money. Nigerians know how to build other peoples property anyway, so it might turn out well for Kenya.

Nigerians are not the only people doing business in Kenya. Apart from Nigerians, there are many other foreign business people in Kenya who are creating empires, so I wouldn't attribute it to any particular nationality. Besides, Kenyans themselves are also business people who have, if I may borrow your words, built their own properties for YEARS, many times without the "assistance" of any foreign national.

solomon111: I hope some of those "oil money" from kenya will flow back to Nigeria.
We shouldn't give them expertise for nothing.

To subscribe to such jokes, sms your name to '2424', or better still visit our website www.jokes.com.

boron10: I hope they won't chase away the investors and accuse them of being drug baron once their investments start booming.

Booming businesses are not new to Kenyans. We have several Kenyan and non-Kenyan business people who have prospered in Kenya and none of them has been accused of being drug barons. Besides, the drug barons (including the Kenyan ones) are usually well known in Kenya.