Kenya, Tullow Oil Divorce Gets Messy and Noisy

Tullow

July 6, 2020//-Kenya is on the warpath with Tullow Oil over the firm’s decision to exit the country.

Members of Parliament have called for a forensic audit of the company’s books of account over questionable expenditures.

Tullow Oil is accused of using derailing tactics in the implementation of the country’s oil project as it seeks to exit the project and country, which has prompted investigations into the firm’s decision to invoke force majeure.

At the same time, legislators are questioning the $2.04 billion compensation bill the British exploration firm is demanding from the government as expenditure in the country since it discovered crude in 2012.

Despite ordering the petroleum cost recovery audit that was undertaken by audit firm Swale House Partners, the government has refused to make the report public, only maintaining that the auditors found that Tullow spent $1.6 billion while exploring oil over a six-year period.

“Parliament must scrutinise all the expenditures to ascertain they are genuine because it’s our duty to protect Kenyan taxpayers,” David Gikaria, chairman of parliamentary Energy Committee, told The EastAfrican.

https://www.theeastafrican.co.ke/

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