0 votes
in Revision by

What are benefits Kenya is likely to get from exploitation of oil in Turkana area?

1 Answer

0 votes
by (40.9k points)

Benefits Kenya is likely to get from exploitation of oil in Turkana area include;

  • The country will earn and conserve foreign exchange
  • Employment opportunities will be created
  • The supply of oil in the country may be stable
  • The people will enjoy low fuel prices
  • The government will earn revenue
  • The infrastructure of surrounding areas is likely to improve
  • The exploitation will accelerate economic activities in the surrounding areas / multiplier effect
  • Petro- chemical industries will get ready raw materials / inputs
  • Foreign investors will be attracted due to low cost of production
  • The country BOP will improve drastically

Related questions

0 votes
1 answer
asked Mar 18, 2021 in Revision by anonymous
0 votes
1 answer
0 votes
1 answer
Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
Welcome to Kenyayote Q&A, the largest community site in Kenya where you can ask any question and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.

If you are ready to ask, provide a title about your question and a detailed description of your problem.

Register to join Kenyayote Ask Community.
...