The Assessment of Policy and Institutional Arrangements of the Upstream Hydrocarbons Subsector in Kenya: Challenges and Opportunities.
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 5
Abstract
The Recent discovery of hydrocarbons reserves in Kenya has sparked heated debate on the economic, social and environmental implications in utilizing this resource. There is the fear of the so-called oil resource ‗curse‘ or the paradox of plenty. The aim of this paper was to explore the county‘s upstream oil and coal status and the emerging challenges and opportunities in the energy sector. The study largely relied on secondary data obtained from existing documentations on governance framework on the management of the resources locally and internationally also comparing approaches adopted by other countries and the pronounced consequences. This was supplemented by selected interviews with key stakeholders including government departments and agencies, community associations, civil society organizations and exploration companies. The findings indicate that the key issues in utilization of the resources is making the right strategic choices and synchronizing their implementation in a context that supports fiscal prudence and minimizes macroeconomic distortions. Establishing good resource governance frameworks, upholding of the principles of inter and intragenerational equity, and negotiating transparent contracts with sector companies, will sustainably utilize the county‘s resources.
Authors and Affiliations
Stephen Oberon Anyango, Patricia K. Baariu
Keywords
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- EP ID EP418734
- DOI 10.9790/0837-2305016879.
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