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The Standard e-Paper
Truth Without Fear
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.
Kenya’s dream of being an oil exporter appears to be slipping away after Tullow Oil wrote off billions of shillings it has spent in exploring for oil in Lokichar, Turkana County.
The company, in its annual report for the year to December 2020, said it has written off $430 million (Sh46.8 billion) in exploration costs, attributing it to low global oil prices.
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