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Uganda reaches deal on tax dispute, paves way for Tullow stake sale

Uganda said it had settled a tax dispute with international oil firms, clearing the way for Britain’s Tullow Oil to revive plans to sell a stake in its assets and allow the firms to move to a final decision on development.

The government has been locked in a dispute with the firms, including France’s Total and China’s CNOOC, over the taxes assessed on Tullow’s plans to sell part of its stakes in the country’s oil fields.

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