Tullow Discloses Its First Income Tax Payment to Ghana in 2013
This article is for subscribers only.
Tullow Oil Plc’s government payment disclosure revealed it paid income tax for the first time in Ghana last year after recovering part of investment in its largest project.
The producer, which pumps about 100,000 barrels of oil a day from the Jubilee field offshore Ghana, paid about $107 million in income tax, or about half of all the money it remitted to the government, according to its annual report published today. Total payments to nations rose 25 percent to $870.4 million last year from a year ago, driven by projects in Kenya, Ivory Coast and Equatorial Guinea.