Uganda: Tullow Oil Banking On Payment of $500m From Kampala to Pay Debts

[East African] A fortnight after closing a deal where it offloaded its stake in the Albertine Grabben projects to French oil major Total, Tullow Oil has written to the Ugandan government to expedite transaction approvals that will see the company receive $500 million in the second half of this year. The company will use the proceeds to repay its debt.