Jimmy Mugerwa, the Country Director, Tullow Oil has been promoted and will be traveling to London in a couple of weeks to perform his duties from the head office in the UK.<\/p>\n\n\n\n
Mugerwa is an executive who has lived and worked in a number of countries and boasts over 25 years of experience in the Oil industry, sales, governance, operations, and marketing.<\/p>\n\n\n\n
A close colleague of Mugerwa stated that he (Mugerwa) is set for a higher managerial position with more responsibilities.<\/p>\n\n\n\n
Mugerwa\u2019s transfer comes at a time government is negotiating with Tullow over capital gains tax. <\/p>\n\n\n\n
Tullow Oil has invested $617 million in its operations in Uganda\u2019s Albertine Graben, and it is this investment that the multinational intends to sell to China National Offshore Oil Company (CNOOC) and Total E&P.<\/p>\n\n\n\n
Tullow and its Joint Venture Partners, have, so far, been unable to finalise this agreement with the Government of Uganda. <\/p>\n\n\n\n
The Uganda Revenue Authority wants the already assessed $167 million capital gains tax before the farm-down. <\/p>\n\n\n\n
However, Tullow says it continues to work constructively with its Joint Venture Partners and the Government of Uganda to agree a way forward and the consequent timing of Final Investment Decision. <\/p>\n\n\n\n
In Uganda, Mugerwa serves as non-executive Director East African Breweries (EABL), Chairman of the DFCU Bank Board and serves in various leadership roles on several Boards, including non-profit organisations.<\/p>\n\n\n\n
Prior to joining Tullow, he served in various positions at Shell including the Senior Regional Advisor for Sub-Saharan Africa, Kenya Country Chair and GM, Shell East Africa.<\/p>\n\n\n\n
Mugerwa holds a Master of Sciences Degree in Agricultural Chemicals from the University of Wales and also attended the Executive Business Leadership Programme at IMD in Lausanne, Switzerland and the Financial Times Non-Executive Director Diploma.<\/p>\n\n\n\n
Additional Reporting: Chimp Reports Jimmy Mugerwa, the Country Director, Tullow Oil has been promoted and will be traveling to London in a couple of weeks to perform his duties from the head office in the UK. Mugerwa is an executive who has lived and worked in a number of countries and boasts over 25 years of experience in the […]<\/p>\n","protected":false},"author":27983,"featured_media":10770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[356,101,98],"tags":[],"class_list":["post-10769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-story","category-business","category-news"],"yoast_head":"\n
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