An International Monetary Fund (IMF) team is pushing the government to make public details of a number of deals it has signed with oil exploration and mining firms.
But officials on the IMF team have disclosed that the government has denied them access to the documents, a fact that can only leave Kenyans guessing how the country is faring in regard to the exploration and exploitation of minerals.
http://www.businessdaily.../-/14passh/-/index.html

@ycsun what is the relationship between Total E&P Kenya B.V (with a stake in Kiboko prospect) and Total listed on the NSE ?

I once made an enquiry on the same to them, but I never got a reply. I will try again. Some more info that might be of interest to you:

RELATED PARTY TRANSACTIONS AND BALANCES

The parent of the company is Total Outre-Mer while the ultimate holding company is Total S.A, both incorporated in France.
There are other companies which are related to Total Kenya Limited through common shareholdings or common
directorships.

During the year, the company made purchases amounting to Kshs 35,834 million (2011 – Kshs 6,682 million) from the holding company and other companies related to it by virtue of common shareholding. The company also earned revenue of Kshs 5,150 million (2011 – Kshs 2,300 million) from related companies.
The company purchased plant and equipment amounting to Kshs 180 million (2011: Kshs 171 million) from the holding company and other companies related to it by virtue of common shareholding. The company also has technical assistance agreements with the holding company for which it paid technical fees for the year amounting to Kshs 291 million (2011- Kshs 310 million) as disclosed on Note 6.

Jibu ndio hii Bwana Metasploit:

Dear Mr. ycsun,
Thank you for your enquiry regarding the relationship between Total Kenya Limited (which is listed at the NSE) and Total E&P Kenya BV, which is a relatively new company in the country, involved in exploration for oil. Total Kenya Limited, which is the publicly listed company does not have any stake in the exploration company. They are two independent companies operating locally. However, there is a relationship in the fact that both are subsidiaries of the Total Group. Total Group has several divisions; and if I were to confine myself to two of those for clarity, there is Exploration & Production and Marketing & Services. Total E&P Kenya BV is a subsidiary of Total Exploration and Production division (easily identified as Upstream) while Total Kenya Limited is a subsidiary of Marketing and Services division (easily identified as downstream). Both are ultimately subsidiaries of the Total Group. The Group is present in over 130 counties worldwide and is involved in the entire Energy sector.
I trust this explanation will help you understand the relationship.
Should you require any additional information, please do not hesitate to contact us.
Thank you and best regards.



Maurice O. K'ANJEJO
Corporate Affairs Manager
TOTAL KENYA LIMITED
Regal Plaza, Limuru Road
NAIROBI
Tel: +254 20 2897212
Cell: +254 733 677002