Friday, 6 May 2011

Tullow Oil seeks USD 10bn through equities


Tullow Oil is consulting with Uganda’s Bonds, Equities and Related Issues Forum on the possibility of raising close to USD 10bn through equities to carry out full development of oil exploration in Uganda. The development includes production oil wells, storage, and transport facilities, a high tech refinery serving Uganda, eastern DRC, South Sudan and Rwanda, power generation and a pipeline to the international market. (Source: The East African).

No comments: