UK's Tullow Oil plunges after Ghana tax tribunal ruling
30/09/2026 08:21
BUZZ-UK's Tullow Oil plunges after Ghana tax tribunal ruling ** Shares of Tullow Oil TLW.L fall 25.6% to 14.5p
** Stock of the West Africa-focused independent oil and gas explorer among the top losers on the London market
** International Chamber of Commerce tribunal rules against Coin $196.5 million tax dispute with Ghana
** Tribunal rejects company's claim that Ghana's corporate income tax assessment on insurance proceeds received between 2016 and 2019 breached its petroleum agreements
** Tribunal also rules that penalties equivalent to 100% of tax assessment not covered by Tullow's contractual protections
** As of last close, TLW up 222.3% YTD
(Reporting by Atharva Singh in Bengaluru)
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