The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The TOTAL oil refinery is seen on January 10, 2007 in Leuna, Germany. (Photo by Katja Buchholz/Getty Images)
NAIROBI, KENYA: Total last week announced the acquisition of Maersk Oil, setting the stage for the French firm to get a footing in the Turkana oilfields nearing to start production.
While the oil major will assume a 25 per cent stake in the Turkana oil project, it could be in the coming years become a critical player in the project and Kenya’s upstream industry.
Premium Article
Get Full Access for Ksh299/Week.
Uncover the stories others won't tell. Subscribe now for exclusive access.
🔥 Flash Sale !
Subscribe now and enjoy 50% off annual plans. Offer ends in…
Stand With Bold Journalism.
Stand With The Standard.
Journalism can't be free because the truth demands investment.
At The Standard, we invest time, courage and skills to bring you accurate,
factual and impactful stories. Subscribe today and stand with us in the
pursuit of credible journalism.