Total, CNOOC Uganda deal awaits agreement

Total SA, along with partners Tullow Oil Plc and China National Offshore Oil Corp, have yet to reach an agreement with Uganda on a billion-dollar oilfield development in the Lake Albert Basin. "It's not completely finalized," Yves-Louis Darricarrere, Total's head of exploration and production, said in Oslo. The sticking point between the oil companies and Ugandan authorities remains the potential size of a refinery that would be developed to process crude from Uganda, he said.

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