The World Bank Group, within the framework of the Petroleum Business Opportunities (PBO) project, in partnership with Strathmore University Extractive Industry Center (SEIC), Extractives Baraza, and DAI Global, held the second session of a three-part series aimed at facilitating local content discussion amongst key public, private, and civil society stakeholders in Kenya’s petroleum sector.
The session, entitled “Kenya Local Content Exchange: Approaches and Mechanisms to Drive Local Participation in the oil and gas supply chain” sought to build on the outcomes of the first session held in July entitled, “Local Content: Vision to Implementation”.
The Exchanges initiative is in response to a need, identified by PBO, for open and robust local content discourse following Tullow Oil’s 2012 commercial oil discovery, with the aim of adequately preparing Kenya’s private sector to participate in the oil and gas sector. Oil and gas operators are preparing to move into the development phase of the projects as regional governments work towards export pipeline development.
This reinforces the need for a timely, structured and facts-based key stakeholder engagement process, to develop a shared vision for local content in Kenya’s nascent petroleum sector for integration with the country’s broader development strategies.
The “Approaches and Mechanisms to Drive Local Participation in the O&G Supply Chain “Exchange provided a platform for Kenyan stakeholders to move towards positioning local content (in oil and gas) as one vehicle, among others, for Kenya’s sustainable development.