Tullow Oil Rejects KRA’s Ksh 23B Tax Demand in Kenya Exit Deal Dispute

British firm Tullow Oil has rejected a Ksh 23 billion tax demand from the Kenya Revenue Authority (KRA) related to the sale of its Kenyan subsidiary to Gulf Energy Group for at least USD 120 million. Tullow argues that the assessment is excessive and plans to contest it through the tax objection process. The dispute may delay the payment timeline of the transaction, which includes staggered payments and royalty arrangements.