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TLW Tullow Oil Plc

35.82
-0.38 (-1.05%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil Plc LSE:TLW London Ordinary Share GB0001500809 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.38 -1.05% 35.82 35.80 35.94 37.00 35.80 36.00 6,482,435 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0754 -4.75 520.58M

Uganda, Tanzania Fast Track $3.5 Billion Oil Pipeline Project - Market Talk -- Market Talk

01/05/2018 9:23am

Dow Jones News


Tullow Oil (LSE:TLW)
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0753 GMT - Uganda and Tanzania hope to sign an intergovernmental accord by next month to speed up construction of the $3.5 billion crude oil export pipeline to the Indian Ocean port of Tanga, says Uganda energy minister Irene Muloni. The final investment decision on the 900-mile project is now expected by the end of 2018 instead of mid-2019 as Uganda steps up efforts to develop its oil fields, estimated to contain some 6.5 billion barrels of crude, Ms. Muloni says. France's Total, the lead sponsor of the project, is developing the oil fields, along with China's Cnooc Ltd. and U.K.'s Tullow. With transportation tariff capped at $12.2 a barrel, the route is considered the least cost option for landlocked Uganda. (Nicholas.Bariyo@wsj.com;@Nicholasbariyo)

 

(END) Dow Jones Newswires

May 01, 2018 04:08 ET (08:08 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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