Tullow Oil loses $196.5m tax dispute with Ghana, shares fall sharply

Tullow Oil has lost a $196.5 million tax dispute with Ghana after a tribunal ruled against the company's claim that the tax assessment violated its petroleum agreements. This decision has led to a significant drop in Tullow Oil's share price. The ruling marks a major setback for the oil producer in its dealings with Ghanaian tax authorities.

Originally published by gnews