Tullow Oil says Uganda stake sale to Total, CNOOC called off

World News: . []

Tullow Oil's sale of a stake in its planned 230 000 bl/d project in Uganda to France's Total and China's CNOOC has been called off due to a tax dispute with the Ugandan authorities, Tullow said on Thursday. The London-listed firm had previously sold about two thirds of the project to CNOOC and Total for $2.9-billion, in transactions completed by 2012.

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