Tullow Oil says it will sustain its Kenyan operations despite investment cutbacks and restructuring the firm is currently undertaking. The firm plans to reduce its global capital expenditure by up to 30 percent to 35 billion shillings with investments in Kenya expected to total 4 billion shillings. However, the firm warns of reduced financial performance in 2020 if oil continues trading at below 60 dollars a barrel and coronavirus reaching pandemic levels.
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- kenya, tullow oil