Tullow in moves to soothe Ugandan nerves
Jan.18 (FT) Aidan Heavey, founder and chief executive of Tullow, the UK’s fourth-biggest oil company, says his decision this weekend to pre-empt the $1.35bn (£826m) sale of Heritage Oil’s Uganda assets to Eni, the Italian energy group, was all part of a normal day’s business.
“It’s a normal day ... It’s easy finances,” he says. “Is it a strategic change? No it’s not. It is gaining a better position in a very important asset for Tullow.”
Jan.18 (FT) Aidan Heavey, founder and chief executive of Tullow, the UK’s fourth-biggest oil company, says his decision this weekend to pre-empt the $1.35bn (£826m) sale of Heritage Oil’s Uganda assets to Eni, the Italian energy group, was all part of a normal day’s business.“It’s a normal day ... It’s easy finances,” he says. “Is it a strategic change? No it’s not. It is gaining a better position in a very important asset for Tullow.”
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