the nordic model: lessons drawing for kenya
TRANSCRIPT
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The Nordic Welfare Model:
Lesson Drawing for Kenya’s Petroleum Resources
Lyla Latif, Graduate Student
Monday, 9 February 15
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Introduction
• Kenya has been exploring for oil since 1937.
• Discovery of oil was made in 2012.
• Need for an effective and socially responsible management of petroleum resources.
Monday, 9 February 15
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Where Kenya looked for lesson drawing
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The Nordic Model
• National governance and control of petroleum resources
• Minimal dependence on other countries for crude oil by exploitation of petroleum deposits
• State involvement at all reasonable levels
• Separate policy, regulatory and commercial functions of the state in the petroleum sector
• State owned oil company to be established for only carrying out commercial activities
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Application of the Nordic Model in Other Countries
• Mozambique,
• Timor -Leste,
• Uganda,
• Ghana and South America (Bolivia, Ecuador and Nicaragua)
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Lessons Learnt• New Petroleum Law, repeal all other laws relating to
petroleum
• Adequate staffing, training and resources for capacity development,
• Strong political commitment to structure and functioning,
• CSOs to monitor government policies and strategies,
• Formulate an Oil Revenue Management Policy
• Create partnership with the Norwegians
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Applying the Lessons
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Monday, 9 February 15