Energy
Tullow Oil seeks mediation in $387m Ghana tax dispute
The Irish-founded oil and gas exploration multinational has sought international arbitration in the matter
Tullow Oil is seeking arbitration over $387 million in tax assessments it received from Ghana, part of the cash-strapped government’s review of past payments by some of the West African nation’s largest companies.
Arbitration has been requested with the International Chamber of Commerce in London over two notices it received from the Ghana Revenue Authority (GRA), Tullow said on Tuesday in a statement.
The amount, plus penalties, breach the local unit’s rights under its petroleum ...