Tag
TULLOW OIL
Ghana Revenue Authority to resolve Tullow’s $393 million tax liability without disrupting operations
The Ghana Revenue Authority (GRA) has assured that it will work with Tullow Oil Ghana to settle its $393 million tax liability without disrupting the company’s petroleum operations.
Shares of UK-based Tullow Oil Plc crashed by about 50% on Wednesday after Ghana won a long-running arbitration dispute over a $196.5 million corporate income tax assessment against the oil producer.
Oil and gas companies, Tullow Oil and BW Energy which have active operations in Gabon, have said there have been no disruptions to their oil production activities following the August 30 coup