Gulf Energy Gets Kenya Tax Breaks for Tullow’s Former Oil Fields

Kenya agreed to grant tax breaks and allow higher recovery costs to an energy trading firm that acquired Tullow Oil Plc’s blocks in the East African country to accelerate development...

By David Herbling · Bloomberg Markets

Kenya agreed to grant tax breaks and allow higher recovery costs to an energy trading firm that acquired Tullow Oil Plc’s blocks in the East African country to accelerate development of the project whose output is planned for next year.