The government is targeting Sh145.3 billion worth of investments in the petroleum blocks by the year 2027 in the latest strategic plan by the Ministry of Energy and Petroleum.
The Sh2.5 trillion strategy covering 2023-2027 places emphasis on petroleum and natural gas exploration.
The document notes the availability of vast sedimentary basin covering 83 per cent of the country's surface area for exploration and development of the minerals.
The strategy unveiled by Energy and Petroleum Cabinet Secretary Opiyo Wandayi in Nairobi yesterday cites a ready and growing domestic and regional demand for energy and petroleum products and services, which informs the need for increased investments in the sector.
