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    Uganda Ruling Party Lawmakers Vote to OK Tullow Oil Deal

    Written by Investing News Network
    |
    Oct. 24, 2011 11:08PM PST

    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.

    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.

    Click here to read the full Rigzone report<

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