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{
    "id": 629514,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/629514/?format=api",
    "text_counter": 292,
    "type": "speech",
    "speaker_name": "Hon. Kamau",
    "speaker_title": "",
    "speaker": {
        "id": 35,
        "legal_name": "Jamleck Irungu Kamau",
        "slug": "jamleck-kamau"
    },
    "content": "the development plan? At what stage does it come in? If you understand the processes of extraction, the first thing that happens is that the Ministry and a contractor sign something called a production sharing contract. That is the contract that details the sharing ratios between the contractor and the Government. To me, that is the most important point. After that, the contractor goes out to start exploration. If they get oil, they come up with a development plan. The way Item 1 is means that Parliament will only get involved in the transactions at the level of the development plan, long after the agreement on the ratios have been concluded. My argument was that we should bring in Parliament into the process before the contractor gets into the site to start exploration so that, from the word go, the ratios are clear."
}