A farm down from cash stressed oil company Tullow in Uganda to the French giant Total is nearing a year since it was announced without approval from the government. Industry sources suggest the Joint Venture Partners ( Total, Tullow, and CNOOC) may have aligned their position on the terms of the approval. Initially when Tullow announced its intention to farm down to Total – it was CNOOC ( encouraged by

Uganda has been taken off the monitoring list of countries with high risk of money laundering and terrorist financing. The list is compiled and monitored by the Financial Action Task Force, a powerful body whose ultimate effect – through peer action, is to strengthen the health of the global financial system. The sanctions a country faces for non-compliance can be serious. Blacklisted countries such as North Korea for example can