Kenya is yet to approve Tullow’s buyout of TotalEnergies and Africa Oil Corp in the South Lokichar oil project, a decision that could delay the entry of a strategic investor to fund the plant for oil drilling.
Africa Oil and TotalEnergies separately submitted notices to relinquish their 25 percent stakes each in May last year, a move that was expected to allow Tullow to assume full ownership of Blocks 10Bbb, 13T and 10BA.
