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Uganda: Tax dispute drags on

Tullow Oil hopes to complete a farm-down of its Uganda assets in H1 2019 once a tax dispute with the government is settled. Tullow said in November it was hoping to resolve the issue by the end of 2018, paving the way for a final investment decision (FID) on the upstream oil development in H1 2019. In a 16 January trading statement, Tullow said the farm-down was now expected to complete in H1 2019.

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