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Tullow sues Heritage over Uganda tax

Tullow - Wants $313m back from Heritage Oil
Tullow - Wants $313m back from Heritage Oil

Exploration company Tullow Oil has sued its former partner in Uganda, Heritage Oil, to recover $313m which Tullow paid to cover tax on fields it bought from Heritage.

Uganda said Heritage was liable for capital gains taxes on the sale, which the Jersey-based company denies.

Tullow paid the government the $313m to secure approval of the change in field ownership, and is now seeking to get the money back from Heritage through the High Court in London.

'Tullow has a duty to its shareholders to seek reimbursement and shift liability back to Heritage,' a spokesman said.