Delonex and Africa Oil | Accountability Console
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Delonex and Africa Oil

Sectors

Extractives (oil, gas, mining)

Description:

Projects in this Sector: 89

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Issues Raised

Consultation and disclosure

Description:

Projects with this Issue Raised: 495

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Due diligence

Description:

Projects with this Issue Raised: 456

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Environmental

Description:

Projects with this Issue Raised: 366

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Livelihoods

Description:

Projects with this Issue Raised: 319

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Other

Description:

Projects with this Issue Raised: 191

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Project Information

Investment ID: 33557, 36699

Bank: IFC/MIGA

Environmental Category: A

Country: Kenya

Region: Sub-Saharan Africa

Approval Date: None

Investment Types: Equity

Total Project Cost: No recorded data on this

Total Complaints: 1

Description

In 2013, IFC made a USD 60 million equity investment in Delonex Energy Limited to provide support for the acquisition, exploration and development of Delonex’s assets in their East and Central Africa portfolio, targeting oil and gas exploration led opportunities. In 2015, IFC made a USD 50 million equity investment in Africa Oil to support its oil and gas exploration and appraisal activities and general working capital requirements, primarily aimed at advancing the appraisal of the South Lokichar Basin in Kenya. Both Africa Oil and Delonex partnered with Tullow Oil to conduct exploration activities in Block 12A which encompasses 5 counties including Elgeyo Marakwet, Baringo, West Pokot, Turkana, and Samburu, in Kenya.

Investments

Related Complaints

Implementers

Name Complaints Dispute Resolutions DR Successful Compliance Reviews Non-Compliance
Africa Oil
Delonex
Tullow Oil