Britain’s Tullow Seeks Investor for Kenya Oil Project

London based Tullow Oil held talks with India’s ONGC Videsh Ltd last week as it continues to look for a strategic investor for its onshore oil project in Kenya.

Kenya’s Ministry of Petroleum and Mines also said last week that ministry officials had met the Indian High Commissioner to Kenya along with representatives of ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, and Indian Oil Corporation Limited.

Tullow said about the meeting that it was positive and the parties agreed to hold further talks in the coming weeks. The British company added that the discussions were hosted by the ministry of petroleum and mines.

Africa-focused Tullow said earlier in July it was confident it could make substantial progress to find an investor for its onshore oil project in the East African country in the second half of the year.

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