Uganda: Minister looks to government to save Tullow sale

Issue 402 - 25 Oct 2019
Oil minister Irene Muloni has said she expects the government to intervene to resolve a tax dispute that has prevented Tullow Oil selling part of its stakes in three Lake Albert licences. Speaking at a thinly attended London roadshow to promote Uganda’s second licensing round, she said it had not been possible to resolve the issue before the sale and purchase agreement (SPA) expired in late August. Total announced the expiry of the SPA on 29 August, saying the parties had been unable to reach agreement on the tax terms.

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