Tullow says Kenya force majeure allows time to resolve tax issue

The Government has created 17 new oil blocks from the unused land that was returned by oil prospecting companies and raised the number of exploration blocks to 63.

Kenya has moved to shield itself from having to pay taxes for oil companies ahead of the much-anticipated commercial production of the liquid gold.

Kenya will make about Sh6.4 trillion from the Turkana oil find alone if commercial production starts by 2020.

<object style="height: 390px; width: 640px"><param name="movie" value="http://www.youtube.com/v/dwcX3MNK1BM?version=3&feature=player_detailpage"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><embed src="http://www.youtube.com/v/dwcX3MNK1BM?version=3&feature=player_detailpage" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="360"></object>

A meeting of the Gema communities from central Kenya was held at Jumuia Conference Centre Limuru on Friday March 23.

President Kibaki announced with the solemnity expected of a Cardinal that we have oil. A smiling Energy Minister displayed small bottles containing the precious liquid and I said to myself: Habeamus Petroleum! The following day I bought all the daily newspapers to read the important detail. Is the discovery viable for commercial exploitation? I was disappointed. The closest Energy Minister Kiraitu Murungi came to revealing any knowledge of the expected volumes was doubly disappointing.

A Canadian firm that has remained in the background following the excitement over discovery of oil will be among the biggest beneficiaries of the oil dollars.

<object style="height: 390px; width: 640px"><param name="movie" value="http://www.youtube.com/v/47MsH1s3CoU?version=3&feature=player_detailpage"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><embed src="http://www.youtube.com/v/47MsH1s3CoU?version=3&feature=player_detailpage" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="360"></object>

The pipeline will be used to export crude oil produced in Turkana.

They made the call at the Sixth Edition of East Africa Oil and Gas Summit 2020 which was held virtually due to the COVID-19 pandemic.

Tullow goes back to work as Covid-19 restrictions are relaxed but old challenges still persist

In just three months, shareholders have lost Sh180.6 billion in paper wealth.