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Article

24 Mar 2014

Author:
Kenya Civil Society Platform on Oil and Gas

[PDF] Tullow discloses payments but Kenya Energy bill falls short of making mandatory disclosures

Tullow in its released 2013 available here annual Report has published all the tax, royalty and other payments it has made to the Kenyan government across all levels. In the year ending 2013 Tullow announced that it paid a total of $22 million (approximately 1.8 Billion KES) in taxes to the national government...These disclosures come at an opportune time as Kenya is reviewing its Energy law...The energy bill...lacks framework that would create uniformity in reporting in the nascent sector. The energy bill contains a major deficiency as it is lacking in creating a mandatory disclosure regime. While Tullow due to EU and progressive company requirements has reported on a project by project basis the law is silent on compelling other companies in country to undertake similar disclosures...While Tullows disclosures are a step in the right direction and should be lauded...disclosures should be made compulsory in legislation for all companies operating in Kenya and should commence from the concession stage including public disclosure of all agreements.