Kenya : Uganda says to grant oil production licences to France's Total - News Summed Up

Kenya : Uganda says to grant oil production licences to France's Total


Updated Wed, August 3rd 2016 at 19:24 GMT +3Kampala: Uganda's cabinet agreed on Wednesday to allow the energy ministry to grant three oil production licences to France's Total, the presidency said. Tullow Oil, which also co-owns fields with Total and CNOOC, has also applied for production licences and has been waiting for approval for years. According to a statement issued by the president's office, the cabinet approved a request from the minister of energy to allow the issue of three petroleum production licences to Total E&P. Total is the second oil firm to be offered a production license after one of its partners, China's CNOOC. Commercial crude reserves were discovered in the east African country a decade ago but production has been repeatedly delayed amid wrangling over taxation and field development strategy.


Source: Standard Digital August 03, 2016 14:15 UTC



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