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China Daily | Updated: 2013-04-26 07:38
Total, CNOOC Uganda deal awaits agreement
Total SA, along with partners Tullow Oil Plc and China National Offshore Oil Corp, have yet to reach an agreement with Uganda on a billion-dollar oilfield development in the Lake Albert Basin. "It's not completely finalized," Yves-Louis Darricarrere, Total's head of exploration and production, said in Oslo. The sticking point between the oil companies and Ugandan authorities remains the potential size of a refinery that would be developed to process crude from Uganda, he said.
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