Monday 24 October 2016

Cameron backs Tullow


British prime minister David Cameron has intervened in a row between Dublin-listed Tullow Oil and the government of Gabon in Africa.

The dispute arose after the African country's petroleum ministry took ownership of assets from Tullow and also threatened Shell with a fine for non-payment of back taxes.

The Financial Times reported that Mr Cameron wrote to Gabon President Ali Bongo Ondimba after the Foreign Office failed to resolve the dispute.

In a letter promising aid for the Gabonese president's battle against elephant poachers, Mr Cameron said he hopes the "companies concerned and the Gabonese government can come to an agreement" soon.

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