Tullow Oil shares fall on talk of Kenyan asset sale

Shares in Tullow Oil slipped on reports the Irish-founded exploration company could exit its interest in Kenya.

Tullow Oil shares fall on talk of Kenyan asset sale

Shares in Tullow Oil slipped on reports the Irish-founded exploration company could exit its interest in Kenya.

Tullow and French oil major Total are looking to reduce their stakes in Kenya’s first oil development, according to banking and industry sources. Tullow — which has not commented on the talk — could, via the sale, exit the project completely amid uncertainty over its launch.

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