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AFRICANGLOBE - Oil-rich African countries will benefit from robust economic growth but weaker crude prices could send budget deficits higher next year, a Reuters poll showed on Tuesday.
AFRICANGLOBE - Kenya has no officially confirmed commercial oil deposits yet but the year 2012 will remain the best for Kenya's quest to join the league of oil producers. For a country which a year ago had no reason to think of ever becoming an oil producer, two wells at appraisal stage in Northern Kenya and gas finds at the coast is exciting.