December 20, 2018 / 1:49 PM / 3 months ago

Uganda says gives Tullow conditional approval to farm out stakes to Total, CNOOC

KAMPALA, Dec 20 (Reuters) - Uganda’s energy minister said on Thursday she had given Tullow Oil conditional approval to farm out part of its stake in Ugandan oilfields to France’s Total and China’s CNOOC but only after taxes on the deal worth $167 million had been paid.

“I gave conditional consent for this transaction, subject to payment of tax obligations,” Energy Minister Irene Muloni told a news conference. (Reporting by Elias Biryabarema; editing by George Obulutsa and Jason Neely)

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