Browsing: Tullow Uganda

Uganda oil firms ready to resume operations

Uganda oil firms which abandoned oil infrastructure projects following tax payment disagreements with the Uganda Revenue Authority, now say they are keen to resume operations.

The companies have caved in to pressure and proposed fresh dialogue to resolve the current standoff with the government, after a month of suspending all technical activities in Uganda’s budding oil and gas sector.

British multinational Tullow, French oil major Total and China National Offshore Oil Company (CNOOC), the joint venture partners in Uganda’s oil development, are expected to present their new position which will form a basis to start fresh negotiations.

“The idea is that we need to have continued communication with the authorities to understand each other. We respect the frustrations of government and we believe they can imagine our situation. We have spent a lot of money already, $3.2 billion jointly with our partners,” said Total E & P general manager …