Hello

Your subscription is almost coming to an end. Don’t miss out on the great content on Nation.Africa

Ready to continue your informative journey with us?

Hello

Your premium access has ended, but the best of Nation.Africa is still within reach. Renew now to unlock exclusive stories and in-depth features.

Reclaim your full access. Click below to renew.

Tullow Oil to invest Sh1.2bn in Kenya

Tullow Oil

Tullow Oil facility at Ngamia 8 in Lokichar, Turkana County, on February 18, 2020. Tullow Oil plans to proceed cautiously with its investment in Kenya, as it continues with the search for a strategic partner and waits for the government to approve its development plan.

Photo credit: File | Nation Media Group

Tullow Oil plans to proceed cautiously with its investment in Kenya, as it continues with the search for a strategic partner and waits for the government to approve its development plan.

The company said yesterday it plans to invest about Sh1.2 billion ($10 million) in its oil development projects in Kenya this year, just 2.7 per cent of its planned investment of $370 million in four African countries.