Thursday, 27 January 2011

Tulow Oil "approaching the finishing line"


LONDON (Dow Jones)--Tullow Oil PLC (TLW.LN) is "approaching the finishing line" in talks with the Ugandan government to resolve a tax dispute that has held up for months its plans to bring in new partners to develop oil discoveries there, the company's chief financial officer, Ian Springett, said Thursday.
Tullow expects to reach an agreement that will allow it to proceed with its plans to sell a share of its Uganda assets to Total SA (TOT) and China National Offshore Oil Company (CEO) no later than a few weeks after ...

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