JUST IN: Ksh15.56 Billion Gulf Energy-Tullow Deal Reshapes Kenya’s Oil Prospects 

  Gulf Energy has inked a $120 million (Ksh15.56 billion) deal to acquire the assets of Tullow Kenya. The two firms confirmed the agreement on Tuesday morning, setting the stage for the British oil and gas company’s exit from the country after 13 years of operations. As part of the deal, Gulf Energy will make three equal payments of $40 million (Ksh5.18 billion), with the first instalment due upon approval of Tullow’s Field Development Plan (FDP) or by June 2026, whichever comes first. Gulf Energy will release the second $40 million tranche once the deal receives regulatory approval. The final payment is due by June 2033. If Gulf fails to clear
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