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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Kenya will not earn royalties on its vast oil discoveries, according to leaked, but highly confidential production sharing agreements entered with foreign contractors, The Standard on Saturday can reveal.
This means the country could forfeit billions of shillings from the resource, unlike Uganda, which has pegged royalties at 12.5 per cent in all its contracts.
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