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Tullow Oil, Ghana revenue authority
Tullow Oil jumps after being exempt from $320 million tax
Shares of Tullow Oil jumped over 14% on Friday after the West Africa-focused company was exempted from a $320 million tax on its Ghana operations. The International Chamber of Commerce (ICC) ruled that the Branch Profit Remittance Tax (BPRT) does not apply to the firm's operations in the Deepwater Tano and West Cape Three Points fields offshore Ghana,
Tullow Oil wins tax dispute in Ghana, avoids $320 million payment
The ICC Tribunal concluded that the Branch Profit Remittance tax (BPRT) does not apply to Tullow Ghana's operations under its Petroleum Agreements for the Deepwater Tano and West Cape Three Points blocks, which include the notable Jubilee and TEN fields offshore Ghana.
Tullow Oil Receives Positive Decision Over Tax Dispute in Ghana
Tullow Oil said it received a favorable decision from the International Chamber of Commerce, saying it isn't liable to pay a $320 million tax issued by Ghanaian authorities.
Tullow Oil exempt from $320 mln tax after ICC ruling on Ghana operations
Tullow Oil said on Thursday the International Chamber of Commerce (ICC) has ruled that the Branch Profit Remittance Tax (BPRT) does not apply to its operations in the Deepwater Tano and West Cape Three Points fields offshore Ghana.
Tullow Oil surges after positive tribunal ruling in $320M Ghana tax case
Tullow Oil (OTCPK:TUWLF) (OTCPK:TUWOY) +11.6% in London trading after an international tribunal found it is not liable for a $320M tax assessment in Ghana, where its key oil assets are located. The International Chamber of Commerce ruled Ghana's branch profit remittance tax assessment "falls outside of the tax regime provided for in the petroleum
Tullow Oil exempt from $320m tax after ICC ruling on Ghana operations
Tullow Oil said on Thursday the International Chamber of Commerce (ICC) has ruled that the Branch Profit Remittance Tax (BPRT) does not apply to its operations in the Deepwater Tano and West Cape Three Points fields offshore Ghana.
Tullow Oil jumps after being exempt from $320m tax
Shares of Tullow Oil jumped over 14% today after the West Africa-focused oil company was exempted from a $320m tax on its Ghana operations.
Tullow shares gush as oil firm handed $320m tax exemption
Tullow Oil shares soared on Friday after the London-listed firm revealed it would no longer have to pay a tax bill worth $320million (£258million).
1d
Tullow Oil (LON:TLW) Trading 11.8% Higher – Here’s Why
Tullow Oil plc (LON:TLW – Get Free Report) shot up 11.8% on Friday . The company traded as high as GBX 25 ($0.31) and last ...
3d
Tullow shares soar as Ghana tax victory will help $1.4bn debt refinancing
International arbitration organisation rules Africa-focused explorer will not have to pay a $320m Ghana tax bill ...
3d
Tullow Gains on $320 Million Ghana Tax Arbitration Case Win
Tullow Plc gained after an international body found it wasn’t liable for a $320 million tax assessment in Ghana, where its ...
1d
Tullow Oil (LON:TLW) Trading 11.4% Higher – Here’s What Happened
Tullow Oil plc (LON:TLW – Get Free Report)’s stock price shot up 11.4% during trading on Friday . The stock traded as high as GBX 25 ($0.31) and last traded at GBX 24.36 ($0.30). 62,154,777 shares ...
RTE Online
4d
Tullow Oil exempt from $320m tax after ICC ruling
Tullow Oil has said the International Chamber of Commerce has ruled that the Branch Profit Remittance Tax (BPRT) does not ...
The Wall Street Journal on MSN
3d
Energy & Utilities Roundup: Market Talk
Find insight on Tullow Oil and more in the latest Market Talks covering Energy and Utilities.
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