Search results for Tullow oil
The Uganda Tax Appeals Tribunal on Wednesday delivered the long awaited ruling on the capital gains tax case against Tullow oil Uganda ordering the UK firm to pay $407,095,366 (about one trillion Uganda shillings) to the government of Uganda. Tullow had challenged a capital gains tax assessment of $472,748,128 by the Uganda Revenue Authority with […]
Irish oil giant Tullow oil Uganda has this Wednesday been ordered to pay the $407,095,366 (about four hundred and seven million US dollars) to the government of Uganda in Capital Gains Tax by the Tax Appeals Tribunal. Tullow had challenged a capital gains tax assessment of $472,748,128 by the Uganda Revenue Authority with the oil firm citing […]
Download file of full ruling here THE REPUBLIC OF UGANDA IN THE MATTER OF THE TAX APPEALS TRIBUNAL TAT APPLICATION NO. 4 OF 2011 TULLOW UGANDA LIMITED TULOW OPERATIONAL PTY LTD ………………………………… APPLICANTS VERSUS UGANDA REVENUE AUTHORITY ………………………….……..…… RESPONDENT RULING This ruling is in respect of an application brought by the applicants […]
Tullow Uganda operations Pty is an oil and gas exploration and products company with its parent company listed as a member of the FTSE 100 on the London Stock exchange and also listed on the Dublin stock exchange. Now Tullow Oil is inviting firms to tender for provision of maintenance services for its facilities […]
It seems the democratic principles are taking a centre stage in the Republic of Kenya. The government there recently directed Tullow Oil to dialogue with the citizens and the oil company nodded in positive. Tullow Oil plc (Tullow) therefore successful dialogued with Kenyans and Kenya’s government, Local Community leaders, cultural and religious leaders. Tullow […]
News Release Tullow Oil Wins case against Heritage 14 June 2013 – Tullow Oil plc (Tullow) is pleased to announce that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and Heritage Oil Plc (together ‘Heritage’) in the High Court in London […]
Tullow Oil plc (Tullow) is pleased to announce that it has closed the refinance of US$3.5 billion of Reserves Based Lend (“RBL”) credit facilities. The arrangements are fully committed, secured and revolving credit facilities and replace the previous facility which was due to expire in 2015. The US$3.5 billion of credit facilities are split between […]
Some people were born lucky. A Ugandan is now the Tullow Oil company boss. The company has appointed a Ugandan, Jimmy Mugerwa , who is the former Shell Kenya Chairperson as its new General Manager. Mugerwa is the first Ugandan to head Tullow Oil Company. The statement released by the Tullow oil company announced his […]
President Museveni might have used his powers to direct his minister for energy to sign an oil deal with Tullow Oil without the support of the people he rules, but the wrath of Ugandans keeps on growing every day. The members of the Democratic Party, the oldest opposition party in Uganda have vowed to petition […]
President Museveni has directed an Investigation into the Author of the letter which was written to the Speaker of House of Commons seeking to stay Tullow Oil dealing with the Government of Uganda on ground that the process is not transparent and therefore Ugandans may not benefit out of Oil Sector. Acting Government Chief Whip […]