Uganda blocks oil assets purchase
KAMPALA — UGANDA has blocked oil and gas firm Ophir Energy from buying Dominion Petroleum’s exploration assets in Uganda despite its acquisition of the company, a government official said on Thursday.
"We’re aware Dominion Petroleum Uganda’s parent company was acquired by Ophir but we were never notified and neither did we clear the transaction," said Honey Malinga, acting commissioner for the Petroleum Exploration and Production Department.
Mr Malinga said Dominion, which agreed to Ophir’s takeover in October last year in a $186m deal, owns one exploration block licence in Uganda.
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