East Africa: We're Liquid and Here to Stay, Tullow Oil Reassures Ugandan, Kenyan Partners

British exploration firm Tullow Oil has stated that it has the financial muscle required to develop petroleum reserves in Uganda and Kenya, even after the sudden exit of its chief executive triggered a collapse of its share price.

Tullow, which is in advanced stages of developing oilfields in the two countries, now says that it has 'reset' its operations to ensure that production schedules remain on course.

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