An International Arbitration Court in London is expected to rule on Tullow Oil's $400 million tax charged by the Ghana Revenue Authority (GRA) by the end of this year.
Tullow Oil disclosed this in its Trading Update, released on November 29, 2024, to investors.
The court is going ahead with the ruling after hearing arguments from both sides on the issues.
According to Tullow Oil, "a hearing in respect of this dispute took place in October 2023 with the outcome now expected by the close of this year".