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{
    "id": 629408,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/629408/?format=api",
    "text_counter": 186,
    "type": "speech",
    "speaker_name": "Hon. Kamau",
    "speaker_title": "",
    "speaker": {
        "id": 35,
        "legal_name": "Jamleck Irungu Kamau",
        "slug": "jamleck-kamau"
    },
    "content": "Thank you, Hon. Temporary Deputy Chairman. I just want to explain to Members so that we can move in the same direction. If you look at the classes of transactions subject to ratification as per this Bill before the House, you will find that it is clear that they include crude oil and natural gas, which is not bad. The problem comes in because there is Bill that is dealing with the issue of exploration, production and development of crude oil. The biggest issue here, if Members can listen to me, including the Chair of this Committee, so that we can move in the same direction, the challenge in the oil sector is very complex. The biggest problem is; at what point does Parliament come in to give ratification? The issue which we have right now, if you look at this Bill, is that authorisation to extract crude oil or natural gas follows the approval of the development plan. Let me explain for just one minute what a development plan is. It means that you have someone who has been given a contract by the Government. It is called “Production Sharing Contract (PSC)”. Once you are given that by the Government that is where the ratios of what goes to the Government and what goes to Kenyans come in. Once that is done, you are now being told that at the point of the development plan you will have ratification. It means that it is possible for somebody to get some very weird sharing ratios and still go on to do production. What will be required to be ratified is the development plan. Our Bill is very clear on the processes that are supposed to be taken. That is well explained under Section 58 of the Exploration Bill. I wish things---"
}