Africa Oil exits Kenya after settling Sh2bn tax arrears

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A Tullow oil rig in Elgeyo Marakwet. FILE PHOTO | NMG

Africa Oil Kenya BV paid Sh2.17 billion ($15.5 million) between April and June this year as it moved to settle a tax dispute and other rows in the period when it ended interest in the Turkana oil fields.

The parent company has revealed the payments to the Kenya Revenue Authority (KRA) and other undisclosed partners, in its latest half-year report, covering the period that it operated in the country as one of the three firms spearheading Kenya’s oil search.

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