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Kenya to make Sh3b loss from early crude oil exports, warns report

Oil rig drills at the Ngamia-1 block. A report warns of major revenue loss during early oil extraction. (PHOTO: COURTESY)

Kenya is expected to make about Sh3 billion in losses from the early crude oil trade.

A civil society group has raised questions why the Government is aggressively pushing on with a loss making venture at a time when oil prices are at its lowest.

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