AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Urgent Need for Cash Behind Heritage Sale.
Byline: Tabu Butagira
Heritage Oil and Gas Company is apparently offering its business stakes in Uganda to Italian energy giant Eni S.P.A because it lacks sufficient financing to construct oil infrastructure such as refineries and pipeline, according to a top official.
"We have decided to enter into this letter of intent with Eni as we recognise the very large multi-billion dollar investment which is required to develop the Albert Basin and the related infrastructure," Mr Tony Buckingham, Heritage's chief executive officer, was quoted as saying in a statement issued yesterday to confirm the proposed takeover.
In a November 17 interim management statement, …
-
- Tullow acquires Heritage assets in Uganda.
-
News wire article from: Chemical Business Newsbase
August 2, 2010
700+ words
-
- Heritage Oil Borrows $6m for Uganda Operations.
-
Newspaper article from: New Vision (Uganda)
March 29, 2006
700+ words
-
- Heritage Oil hit by Uganda ruling, while FTSE continues losing streak.
-
News wire article from: Europe Intelligence Wire
November 24, 2011
700+ words
-
- National Theatre in Move to Protect Uganda's Heritage.
-
News wire article from: Asia Africa Intelligence Wire
November 12, 2003
700+ words
-
- Uganda asks Canada's Heritage Oil to "fully pay" taxes.
-
Newspaper article from: BBC Monitoring International Reports
July 25, 2010
700+ words
