Kenya eyes 20pc stake buy-back in Turkana oil

Epra director general Daniel Kiptoo.  

Photo credit: File photo | Nation Media Group

Kenya plans to buy back up to 20 percent in the Turkana oil project in what could eventually decide whether the government approves the project’s revised development plan and availability of funds.

On Thursday, Energy and Petroleum Regulatory Authority (Epra) director-general Daniel Kiptoo said the government is yet to make a decision on whether to exercise its back-in option provided by the production-sharing agreement.

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