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{
    "id": 592961,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/592961/?format=api",
    "text_counter": 504,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Shaban",
    "speaker_title": "",
    "speaker": {
        "id": 139,
        "legal_name": "Naomi Namsi Shaban",
        "slug": "naomi-shaban"
    },
    "content": "Part VII deals with payments and revenues. The part obligates all contractors to pay all the relevant fees and levies as may be prescribed in the petroleum agreement and any other relevant legislation. The part further provides for sharing of petroleum revenues and the establishment of a Sovereign Wealth Fund to provide endowments to support development for the benefit of future generations and to enhance the development of Kenya’s infrastructure, amongst other purposes. This is in keeping with the spirit of Article 89 of the Constitution on the equitable sharing of benefits from our natural resources. As people are busy opening up this sector and making sure that we share the wealth that comes from our petroleum products, which is our God given natural resource, it is important for it to be very clear as per Article 69 of our Constitution, so that Kenyans can benefit from this sector."
}