Taarifa Rwanda
Published 2 days ago
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British Firm Tullow Oil has until December to present to Kenya government a comprehensive plan for oil production in the Turkana region or risk losing concession on two exploration fields in the area.
Tullow, which struck oil in the Lokichar basin of Turkana nine years ago, is yet to develop the field for commercial production amid growing frustrations for Kenya over delayed petroleum wealth benefits.
The delay has been attributed to several factors, including unfavourable global oil prices, approval delays for land and water rights, a tax dispute and Covid-19 disruptions, according to Tullow.