×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

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.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902