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.
Tullow estimated the cost of production from the wells at $22 (Sh2,660) a barrel. [IstockPhoto]
Canadian oil company Africa Oil now says it expects the proposed sale of its stake and that of its partners in the Turkana oil project to close in just over a fortnight.
The move could be a turning point for the country's dreams of reaping petrodollars as it would finally pave way for commercialising the project.
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