Tullow Oil loses Congolese permit
Monday, May 5th, 2008The Congolese government has given an oil permit claimed by Tullow Oil to a rival consortium.
Tullow, Heritage Oil and Cohydro signed an agreement for two permits on Lake Albert, which borders Uganda, in 2006.
The oil ministry says one is invalid as the deputy minister had no authority to sign it and the president did not approve it. Continue Reading »