Italy Prime Minister Plans Uganda Visit Over Eni Oil Deal-Paper
20 Décembre 2009 - 8:01AM
Dow Jones News
Italian Prime Minister Silvio Berlusconi plans to visit Uganda
early next year in a bid to push through the proposed takeover of
Heritage Oil PLC (HOIL.LN) interests in the country by Italy's Eni
Spa (E), Uganda's state media reported Sunday.
The Sunday edition of the state-run daily New Vision reported
that the attack on Berlusconi last week could, however, delay the
visit. The paper quoted unnamed government sources as saying that a
Ugandan cabinet minister, Hope Mwesigye, visited Eni headquarters
last month during her visit to Italy.
The Ugandan government is seen backing the Italian oil giant to
enter the country's oil sector to enable Uganda to exploit its vast
oil reserves in the Albertine rift. However, Eni's proposed
takeover of Heritage interests in two blocks faces a challenge from
U.K.'s Tullow Oil PLC (TLW.LN), which holds a 50% stake in the
blocks.
Website www.sundayvision.co.ug
-By Nicholas Bariyo, contributing to Dow Jones Newswires; +256
75-262 4615; bariyonic@yahoo.co.uk
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