Uganda: Tullow Oil Suffers 34 Percent Revenue Decline

Tullow Oil recorded a 34 percent drop in revenue in the last six months ending June 2016.

The oil and gas exploration and production group says its net debt at the end of June stood at $4.7bn. Tullow Oil chief executive Aidan Heavy says in a statement that revenue fell to $541 million during the period from $820 million in the first half of 2015.

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