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ICC Tribunal exempts Tullow Oil from $320m tax on Ghana operations

GlobalData
Summary
Nutrition label

81% Informative

Tullow Oil has secured a favourable ruling from the International Chamber of Commerce (ICC) Tribunal , determining that the BPRT does not apply to operations including the Deepwater Tano and West Cape Three Points Petroleum Agreements offshore Ghana .

This decision relieves the company of the $ 320 m ( 256.34 m) tax on Ghana operations.

VR Score

81

Informative language

79

Neutral language

77

Article tone

formal

Language

English

Language complexity

69

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links