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East Africa: Tullow Oil Exit From Region Almost Complete
Nation, 24 April 2020
Tullow Oil's exit from East Africa is gathering steam after the firm signed a deal to sell all its assets in Uganda. Read more »
The British firm has said it is transferring its assets for the Lake Albert Development project and the proposed East African Crude Oil Pipeline System to Total Uganda at U.S.$575 million as part of its plan to raise more than U.S.$1 billion to reduce debts and strengthen its balance sheet.
A police vehicle escorts trucks loaded with crude oil from Ngamia 8 oil fields in Turkana County (file photo).
Trucking reportedly remains on hold until all roads are repaired to a safe standard as Turkana County is among the regions most severely affected by recent floods, according to the ... Read more »
A month after suspending all technical activities, oil companies British multinational Tullow, French oil giant Total and China National Offshore Oil Company, have proposed ... Read more »
The British oil explorer maintains that it has given a considerable portion of its contracts to local firms with approximately 28% of all its goods and services procured this year ... Read more »
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