Tullow ties Turkana oil prospects to stake sale

Tullow Oil plc CEO Rahul Dhir. PHOTO | DENNIS ONSONGO | NMG

The future of Kenya’s Turkana oil project is dependent on the British oil explorer Tullow and its partners getting a strategic investor, the firm has disclosed.

Failure to secure a strategic investor would deal a blow to Kenya’s hopes of petro-dollars needed to fuel economic growth as the project would face an uncertain future, the London listed Tullow now says.

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