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The Standard Group Plc is a
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Troubles at Tullow Oil could derail Kenya’s fledgling local oil industry. The London-based company is facing governance issues while its partner in Lokichar Africa Oil is in financial woes.
Even as Kenya exported the first shipload of oil that earned the country Sh1.2 billion, there appears numerous landmines on the road to commercial oil. Some are surprises while others could be avoided but the players stubbornly look the other way.
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