Total acquires Tullow’s Stake in Uganda’s oil Sector

Total acquires Tullow’s Stake in Uganda’s oil Sector

Total acquires Tullow’s Stake in Uganda’s oil Sector

French oil company, Total has entered into an agreement with British oil firm Tullow to acquire the latter’s entire interests in Uganda’s oil sector, including the East African Crude Oil Pipeline as it strives to raise USD 1 billion this year to reduce its USD 2.8 billion of debt.

For more information, please see https://www.africalegalnetwork.com/kenya/wp-content/uploads/sites/22/2020/05/Africa-Bulletin-April-2020.pdf

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