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Kenya's initial oil revenues will cover exploration costs first

Kenya's initial oil revenues will cover exploration costs first Kenya says its initial oil revenues will be used to cover exploration costs meaning the country will wait a little longer before it can enjoy its petrodollars. According to Kenya's Petroleum Principal Secretary Andrew Kamau, revenue from the first sale of crude will go towards recovering exploration costs incurred while testing the viable markets. The first 200,000 barrels of crude will be sold to a Chinese company next month. Sarah Kimani reports.



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