Tullow to sue partners over oil dispute

TULLOW Oil is effectively suing its former development partner in Uganda in a bid to recover tax payments made to the country’s government.

The Irish-founded oil and gas exploration company recently gained formal approval to take over two blocks in Uganda’s Lake Albert Rift Basin, which it previously co-operated with Canada’s Heritage Oil.

Part of that change of ownership approval process saw the Irish company pay $313 million to the Ugandan government to cover tax on the fields, on behalf of Heritage Oil.