total can never build a new pipeline while your fielf size is only 600m barrels. first your oil is not commercial with the current oil price.
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The Acacia mining Co. itself is not even worth a fraction of that amount, and it is not likely that the company even looted even 10bn$ from Tanzania. The penalty is excessive.
Ofcoss this is nothing but mere chest beating, they will get close to nothing in terms of reparation.
Kenya will not go that route of DRC, Nigeria and Tanzania where those mining companies have manipulated those govts, robbed from the pipo, environmental degradation, stoked civil wars and widespread poverty and suffering.
Minerals have been a curse to most African countries, and Kenya must ferociously guard against being yet another statistic.
Things MUST be done in accordance with our laws and interests.
What do u mean we have no choice?Those are wishful thinking. so long as you chose someone to do oil thing for you due to lack of funds and technical capacity you don't have choice. You have a limited sovereign and granted it to your counterpart. no way these guys are aimed at maximising the stake value of shareholders. they don't care about your strategic plans or what.
If wishes were pipelines I could give one to my neighbour. te teh teh teh teh teh tihiii
Those are wishful thinking. so long as you chose someone to do oil thing for you due to lack of funds and technical capacity you don't have choice. You have a limited sovereign and granted it to your counterpart. no way these guys are aimed at maximising the stake value of shareholders. they don't care about your strategic plans or what.
If wishes were pipelines I could give one to my neighbour. te teh teh teh teh teh tihiii
This shows the level of ignorance to some Kenyans about East Africa politics. Are saying Tanzania has no laws? What is our parliament and parliamentary committees doing. Last time I check Tanzania was following Commonwealth Parliament system where most of government business has to pass through parliament. If Kenya president can't do anything (kind of odd considering the level of bureaucracy that will create) what are presidential executive order for?*********
Look at the system of governance in Kenya in comparison to any other govt in the region.
Mr. Uhuru Kenyatta CANNOT just make a declaration for this or that to happen and it happens without objections. There is a process, a very long winded and tedious process.
That is why I say Kenya is NOT Tanzania or Uganda. There are laws.
At least Tanzania have put the bill on table in tune of $150 bln, someone out there owes Tanzania that amount of money. Wherever they pay it or not but the bill is on table and some owes us. Same as EU slap huge fine to Apple and Google, or Chinese slap fine to GM motors, or even US slap fine to BP and Barclay Bank. The question is, who owes Kenya?? Do Kenya have any huge bill waiting to be settled? Any????They came themselves, and they came scrambling for the opportunuty to get at least a piece of the exploration cake.
Kenya is the majority shareholder, and it is amusing how u talk about us being bullied into submitting into every whim of these multinational oil companies.
I already told u, Kenya is not your average African country, a banana republic like Tanzania that can be pushed around like that.
I already posted u the Kenyan law regarding minerals management.
I hope u have the brains to grasp it.
No wonder Tanzania is still an LDC despite being endowed with almost every type of valuable minerals in abudant quantities.
You yield to every demand of these multinationals. You have no balls to stand up against their naked exploitation.
Makanikia comes to mind.
Your president now looks like a very beffudled "Mega- Fool" in the eyes of the world, demanding $150bn from Acacia over their alleged decades of stealing from the Tanzanian people. But one wonders what Tanzanians had been doing all these time whilst this theft of your minerals was happening......at such a grand scale.
And u really expect them to pay u that $150bn?
Ijiots....
Kenya is not Tanzania.
Use calculator don't guess. I knew Kenyan they don't know mathematicsImagine..hawa Watu wanataka $150 bn ilhali GDP Yao ni $55 bn. Ati wanataka malipo three times their economy.Enyewe ata thinking capacity ya wengine wao is in doubt.
wakenya wajinga sana. they know nothing. oil and gas is business and not politics. TOTAL bought Kenyan fields bacause the pipeline (hoima-tanga) is very close and not for any other reason. eti leo wakenya wanasema total has again to use another $3b to build another pipeline to lamu eti for the reason you have your own port. Yaan wanadhani thinga are that simple.Nimetoka kusoma comment section ya East African nimecheka jinsi Wakenya walivyo watupu. Wanaongea utafikiri wana mafuta loads of barrels!
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hakuna production licence for your info. we have what we call GSA general sales agreement. alafu total wao hawajasign contract na kenya. Total have only farm in. Kenya wao wamesign mkataba na maersk/tullow lakin si total. so total will use the same mkataba PSA -PRODUCTION SHARING AGREEMENTHakuna agreement Kenya imesign na Tullow/Total isipokuwa exploration license ambayo iko subject to renewal na Kenya inaeza kataa kurenew hio exploration license. Pili Total own 25% shares of this oil so they have no say. Tatu, mali ni ya Kenya na hiyo production license has not been signed. Environmental impact assessment has not been done. Hakuna vile Tullow/Total watatuambia jinsi ya kutumia mafuta yetu. G.O.K kwa strategic plan ya vision 2030 ilisema pipeline ni lazima ipitie Lamu. Get this into your thick skulls Tanzanians, G.O.K INAEZA JENGA HIO PIPELINE NA PESA YAKE. INAEZA OMBA LOAN CHINA OR WHEREVER.Ndio utajua Wakenya ni vichwa ngumu. Sisi apana tambua
Chines can never fund such a stupid projectThere is oil marketing aspect of that u people don't know how those main oil producer can **** up Kenya. Na kama mtachukua loan kwa Chinese na mbona msipewe mpaka sasa tangu Keter apige kelele za machungu ya kukosa Uganda deal ati mtajenga pipeline, ni mara ngapi mmebadilisha maamuzi? Mara mseme mtasafirisha kwa SGR 1960s locomotives mara kwa trucks sasa nasikia mnataka kusafirisha kwa punda kama si slavery caravan. [emoji85] [emoji23] [emoji115]
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I havent attacked you personally, but your statements which I found quite asinine, and have attacked them in the mildest manner possible.Iconoclastes
you don't need to attack on me. what was trying to point out was just a fact from financiers and investors point of view. maximising the share holdings value is their main objective.
Any major decision by the Executive must enjoy the approval of both the Parliament and the Judiciary.This shows the level of ignorance to some Kenyans about East Africa politics. Are saying Tanzania has no laws? What is our parliament and parliamentary committees doing. Last time I check Tanzania was following Commonwealth Parliament system where most of government business has to pass through parliament. If Kenya president can't do anything (kind of odd considering the level of bureaucracy that will create) what are presidential executive order for?
Do u know what is contained in the Maersk/ Tullow agreement, the terms of the deal?hakuna production licence for your info. we have what we call GSA general sales agreement. alafu total wao hawajasign contract na kenya. Total have only farm in. Kenya wao wamesign mkataba na maersk/tullow lakin si total. so total will use the same mkataba PSA -PRODUCTION SHARING AGREEMENT
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yeah, but I cannot disclose it hereDo u know what is contained in the Maersk/ Tullow agreement, the terms of the deal?
Rubbish...
very simple; you just need spur which will cost you $ 10m or you go for a full pipeline which will cost you $3b.Rubbish...
We will go for the costlier option, its economic multiplier effect will be much more immense in the long run than that other cheaper option.very simple; you just need spur which will cost you $ 10m or you go for a full pipeline which will cost you $3b.
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lets wait and seeWe will go for the costlier option, its economic multiplier effect will be much more immense in the long run than that other cheaper option.
But I asked u about the terms of the Maersk/Tullow + Kenya deal.
Any major decision by the Executive must enjoy the approval of both the Parliament and the Judiciary.
This separation of power exists to guard against another risk of an individual- the president misusing his/her power as witnessed during the Jomo Kenyatta and the Moi era in particular. In other words, the president being the law unto himself.
Now, see how this will make it next to impossible for multinational firms such as Total to impose their will on Kenya cos of their immense financial powers, for they will not be dealing with one person or entity weilding all the political powers and making all the decisions for the whole country.
The executive, the two chambers of parliament and the pipo represented by the opposition and the civil society will all be involved.
The Kenyan President/ executive cannot make decisions without consultations with all these parties.
That however is not the case in Tanzania. Same with Uganda. (Tell me not about your commonwealth parliamentary system, for your system, esp now under the ********, is akin more to an autocratic system of government than a parliamentary democracy. Your claimed democracy is a charade, and the Totals like dealing more with such govts.)
In Kenya, anybody who will be opposed to the deal btwn the govt and such multinationals can launch a litigation in the court of law. The court decision in Kenya is final as per the law.
And where else in East Africa is the civil society groups are as active as here in Kenya?
Kenya is not Tanzania!