Prime

Tullow shocks Government with Sh204bn Turkana oil bill

Wednesday, March 11, 2020 — updated on September 19, 2020 - 4 min read

British oil explorer Tullow Oil is locked in a vicious fight with Kenya over the London Stock Exchange-listed firm’s demand for Sh204 billion as compensation for its six-year works. FILE PHOTO | NMG

By EDWIN OKOTH

British oil explorer Tullow Oil is locked in a vicious fight with Kenya over the London Stock Exchange-listed firm’s demand for Sh204 billion as compensation for its six-year works in the Turkana oilfields.

The Ministry of Petroleum has rejected Tullow’s compensation bill, arguing it was excessive and not justified.