By
David Mwere
Correspondent
Nation Media Group
The National Treasury has cut Sh9.84 billion in funding for the development of the South Lokichar Basin, hurting the country’s dream of delivering its first oil before the end of 2026.
Treasury Sh10bn funding cut blights Kenya’s oil dream
Kenya, through Gulf Energy, expects to start commercial production of the Turkana oil Block T6 and Block T7 by December 2026.
TL;DRAI
Kenya's Treasury removed Sh9.84bn allocated for South Lokichar Basin development, threatening first oil production within 2026. Funding cut signals execution risk for African oil infrastructure, raising concerns on fiscal discipline for large-scale energy projects.
725 words~3 min read
