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{
    "id": 664641,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/664641/?format=api",
    "text_counter": 269,
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    "content": "financial services that are provided to oil exploration activities must be done by Brazilian banks. All the lawyers that are providing the legal services to these companies must be Brazilian. The technicians; people providing pipes and other engineering services must be Brazilians. Indeed, Brazil took an unprecedented step of sending 3,000 people to school so that they could qualify to work in the Brazilian petroleum industry. This is what we need in this country. We do not need to be told that Tullow or whatever company has done this or that. We want to know how many Kenyans are working there, who is providing the services there, among other things. We also have insurance companies in this country. This law should make it very clear that no oil exploration company will come to Kenya and seek insurance services from foreign insurance companies when our insurance companies can provide the same service. Similarly, our banks can form a consortium and fund all oil exploration activities in this country unless Kenyan banks are not able to do so. We cannot accept foreign banks to benefits from our resources. As a lawyer, I would like to open up this business for local lawyers as well. We do not want to be told that the only people who understand this business are in New York, Dallas or in London. We now have educated Kenyans who have, for example, studied in the University of Dundee which specializes in energy issues. We want Kenyan lawyers to be the lawyers for these companies. It was very sad to see Chinese welders being imported to come and fix pipes in Kenya. Now we have so many polytechnics. I am so happy that a university is being built in Turkana County. Let us not only focus on the academic degrees, but also have diplomas. This is because we need fellows to fix pipes so that it is the Turkana loaders who are working in Turkana County. Mr. Temporary Speaker, Sir, even before we start drilling the oil, there are many business opportunities available for Kenyans in this industry. This Bill is opening them for Kenyans. It is not only oil, but there will be food to be eaten. We do not want to hear that there is a foreign company bringing food from South Africa. There will be transport provided as well as security services. We want to hear that Turkanas are providing security. We want them to be involved in top management. We have Turkanas with Doctors of Philosophy (PhDs). We want to see some of them working as managers of these firms. The next innovation that the Bill has brought is the sharing of oil revenue in Clauses 84 and 85. Briefly, under the Production Sharing Contracts (PSCs). In the past, revenue was shared between the national Government and the international oil company. This Bill has gone further to provide that the share of revenue coming to the national Government must be divided into three. The national Government will take ---"
}