How angry Museveni letter got Tullow Oil bosses to act Kampala, Uganda | The Independent Team | It was an act of greed that “flabbergasted” even the President himself. Wildcat oil explorer Heritage got paid US$1.5 billion (Approx. Shs 3.5 trillion or half Uganda’s 2010/11 national budget) for its shares in …
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By Agencies It may happen but it’s not something we’re terribly focused on-BP boss Tullow Oil’s shares have jumped 3% last week on the back of rumors that BP was planning on submitting a bid for the Irish independent. According to rumors, BP is planning to offer Tullow £15 per …
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By Agencies Uganda’s oil production target could more than double to 350,000 b/d by 2018 from the current target of 150,000 b/d in 2013 if the right business plan is adopted, according to Tullow Oil PLC. “When the oil basin is in full production, we are probably talking about 350,000 …
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By Independent Team Amount is about half of Uganda’s national budget Tullow Oil Plc, the U.K. explorer with the most licences in Africa has appointed Standard Chartered Plc to sell up to half its stakes in two Ugandan oil fields, the Sunday Times of London has reported. Aidan Heavey, the …
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By Independent Team The money will be used to strengthen its balance sheet and fund investment in its oil discoveries and prospects in Ghana and Uganda. January is turning out to be Tullow Oil’s best month. In a space of two weeks it has struck the biggest oil well in …
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The Independent Uganda: You get the Truth we Pay the Price