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Uganda Ruling Party Lawmakers Vote to OK Tullow Oil Deal
Oct. 24, 2011 11:08PM PST
Resource InvestingRigzone reported that Uganda’s National Resistance Movement party leaders voted to rescind a resolution that banned them from approving Tullow Oil’s (LSE:TLW) $2.9 billion sale of its interests in the country to France’s Total and China’s Cnooc.
Rigzone reported that Uganda’s National Resistance Movement party leaders voted to rescind a resolution that banned them from approving Tullow Oil’s (LSE:TLW) $2.9 billion sale of its interests in the country to France’s Total and China’s Cnooc.
As quoted in the market news:
Earlier this month, Ugandan lawmakers from across the political spectrum supported a motion delaying Tullow’s deal to sell two-thirds of its Ugandan interests, amid graft allegations and tax disputes.