Turkana oil deal sparks concerns over skewed revenue sharing deal

Concerns are emerging over whether Kenya may have short-changed itself in negotiating a deal with Gulf Energy, the firm now expected to move the Lokichar oil fields in Turkana County...

✨ Key Highlights

A new deal for Kenya's Turkana oil fields with Gulf Energy is raising concerns about a potentially disadvantageous revenue-sharing agreement after Tullow Oil's exit, sparking fears that Kenya may have "short-changed itself."

Gulf Energy is now expected to advance the Lokichar oil fields to the commercial phase.
The previous oil consignment from Lokichar, Turkana, arrived at the Changamwe KPRL storage facility in Mombasa on June 7, 2018.
The concerns center on whether Kenya negotiated a favorable deal for revenue sharing.

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