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Benefits of Strict Internal Control and Compliance Measures in Oil and Gas

Guest Post By John Chacha It was my first international audit assignment in what looked like a very complex environment. I didn’t know the weight of the task that waited … Read More

With a History of Tax Disputes in Oil & Gas Industry: Shall Kenya be an Exception to Explorers?

Kenya is currently the second leading East African country with estimated 750 million barrels in only two blocks that is 13T and 10B in Lokichar Basin,South Turkana; after Uganda’s recoverable … Read More

SPONSORED: New Entrant Zu-Lais A One Stop Shop for Kenya’s Upstream Sector

Zu-Lais Oil & Gas Logistics and Consultancy Co. Ltd (Zu-Lais) was founded as a one stop for companies in the exploration & production environment in Oil & Gas, Renewable Energy … Read More

Fiscal revisions may unlock Sub-Sahara Africa’s 48 billion barrels of discovered oil

Wood Mackenzie asserts that the oil price crash has accelerated the need for fiscal adjustments, as Sub Sahara African governments prepare to weather significant reductions in vital tax revenue. With … Read More

Tullow Oil Agrees To Pay Uganda Government $108 million To End Tax Dispute

A tax row that has ensued between oil explorer Tullow Oil and the government of Uganda and the Uganda Revenue Authority in regards to two farm downs to China’s CNOOC … Read More

Experts call for clear tax policies on farm down transactions in Kenya

[twitter-follow screen_name=’oilnewskenya’] Tax experts Deloitte East Africa have expressed fear that the unclear tax policy position on farm down transactions may be a draw back with the potential to derail … Read More

Change in Kenya tax laws good for extractive sector

Kenya’s move to replace withholding tax with income tax on assignment of rights targeting the extractive industry has received praise from tax experts who say this move will encourage farm-outs … Read More

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