Fall in Oil Prices Threatens Africas Economic Growth Ugandan - TopicsExpress

Fall in Oil Prices Threatens Africas Economic Growth Ugandan officials say they fear lower oil prices could deter companies, including Tullow Oil PLC and Chinas Cnooc Ltd., from following through on plans to invest up to $15 billion to develop the countrys oil fields. But a Tullow Oil spokesman in London said the company has no plans to change its investment plans in Uganda or elsewhere in Africa. We believe that such fluctuations in the oil price do not fundamentally change the value of these projects, said spokesman George Cazenove. nasdaq/article/fall-in-oil-prices-threatens-africas-economic-growth-20141211-01140

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