The High Court in London rules in favor of Tullow Oil (TUWLF.PK) in a legal action against...


The High Court in London rules in favor of Tullow Oil (TUWLF.PK) in a legal action against Heritage Oil (HGOCF.PK) over the recovery of $313M of tax payments made to the Ugandan government. Tullow and its partners in Uganda say they are near an agreement with the government over construction of a refinery and export pipeline, which could require investments of more than $12B.
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