Tullow Thwarts Eni in Uganda

摘要

Tullow Oil appears to have won Ugandan government approval for its pre-emption of a $1.5 billion bid by Eni for the local assets of UK-based Heritage Oil. Government backing could pave the way for Tullow to take full ownership, scuppering Eni’s efforts to secure a foothold in Uganda; the cabinet will make a final decision next week.