Blow for Kenya oil dream as Indian firms ditch Sh411b deal

Workers walk past storage tanks at Tullow Oil's Ngamia 8 drilling site in Lokichar, Turkana County, on February 8, 2018. [Reuters, File]

Kenya's petrodollar dreams have gone up in smoke after two Indian state-backed energy majors called off talks for buying a multi-billion stake in Tullow Oil's Lokichar oil field in Kenya.

The deal was estimated last year to be worth between $2 billion (Sh274 billion) and $3 billion (Sh411 billion).

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