Nov 10, 2010

Tullow says Uganda plan to hinge on Heritage deal



Explorer Tullow Oil said a plan for a speedy resolution of a stand-off with the Uganda government on a planned sale of interests to France's Total and China's CNOOC looked unlikely.
Tullow said the Uganda government had stated it would only approve the planned sale after it had settled a separate dispute with Tullow's former partner, Heritage Oil, about whether tax was due on the sale of Heritage's assets to Tullow.
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Source: Reuters

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