Africa's Oil: A Blessing or a Curse?

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Kenya: Fair Deal?

Nigeria’s woes present a cautionary tale to oil export newcomers such as Kenya. Oil recently was discovered in the East African nation, and although it may take as many as five years before oil actually begins to flow from the pipelines, lawmakers are already busy trying to ensure it is not marred by corruption or fighting over control of mining sites and revenue sharing.

The Kenyan government has reached a deal with Tullow Oil, which allows the company to take home 80 percent of the oil revenue in the first year, while Kenya keeps only 20 percent.

(Photo: REUTERS/Njuwa Maina)

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