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Aug 3 results
20:32
20:32

Government,Total, respond as Tullow's $900M Farm-Down Deal Flops tullow uganda pty 1 Top story

“We are therefore confident that as Tullow moves to re-initiate a new sales process, the JVPs will remain committed to fulfilling tax obligations” said Kasande in a statement. Total’s exploration & production President, Arnaud Breuillac in a statement said despite the termination of this agreement, Total together with its partners CNOOC and Tullow will continue to focus all its efforts on progressing the development of the Lake Albert oil resources. Tullow's Paul McDade’s statement said the Joint Venture Partners had been targeting a Final Investment Decision for the Uganda development by the end of 2019, but the termination of this transaction is likely to lead to further delay.
06:43
06:43

Uganda, DRC Ministers Intensify Crude Oil Pipeline Negotiations oil in uganda 1 3 Top story

The ministers were reviewing progress towards cooperation in the hydrocarbon sector including the East African Crude Oil Pipeline Project EACOP.
09:46
09:46

Government Yet to Approve Tullow, Total USD 900 M Deal tullow uganda pty 1 1

Total EP Uganda and Tullow entered into a package agreement in January 2017, under which Total was to acquire an additional 21.57 percent interest from Tullow in the Albertine Graben. It was anticipated that the over three trillion Shillings USD 900 million farm down deal would be sealed by mid this year with government approval.
Aug 3 results