Uganda backs Tullow oil buy

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ref="http://www.cityam.com/company/tullow-oil">Tullow Oil’s purchase of Heritage Oil’s oil fields in Uganda is set to be approved by the government, ending its dispute with Italy’s Eni. Last year, Eni struck a $1.35bn deal on Heritage’s oil fields in Uganda’s Lake Albert basin, but was last month pipped to the post by Tullow – Heritage’s partner in Uganda. But last night, the Ugandan government, which has the final say on who gets the field, said Tullow had won it.