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April 29, 2026
2h ago

Tullow Oil Rejects KRA’s Ksh23 Billion Tax Demand Over Kenya Exit Deal

Tullow Oil Rejects KRA’s Ksh23 Billion Tax Demand Over Kenya Exit Deal

The dispute risks hindering the company from claiming the remaining payable tranches realised from the sale of its assets in the Lokichar oil field deposits in 2025...

✨ Key Highlights

Tullow Oil has rejected a Ksh23 billion tax demand from the Kenya Revenue Authority (KRA) concerning its exit from Kenya's oil sector.

  • The disputed tax claim, amounting to approximately Ksh23 billion, is related to alleged underpayments of VAT and Capital Gains Tax from the sale of Tullow's Kenyan subsidiary.
  • Key organizations involved are Tullow Oil and the Kenya Revenue Authority (KRA).
  • The tax row introduces uncertainty over the transaction's full completion, impacting future payment tranches from the sale to Gulf Energy Group.

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