Total's oil drilling rig at work in Buliisa The Uganda National Oil Company (UNOC) has revealed that Uganda’s oil and gas sector has cumulatively attracted contracts worth US7.163Bn (Shs28.052Trn). However, locally owned companies have only scooped deals worth US2Bn (Shs7.830Trn). The revelation was made by Proscovia Nabbanja, the Chief Executive Officer at Uganda
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Government officers and Kenya Pipeline Engineers inspect the newly constructed Kisumu Oil Jetty at Kenya Pipeline Company on this picture taken on February 28, 2018. PHOTO | FILE | NMG Kenyan oil dealers are in a crisis mode after Uganda stuck to its guns and started talks with Tanzania to
Read MoreParticipants posing for a photo with their certificates after the training at Kabalega Resort Hotel in Hoima city on Wednesday Several small and medium enterprise (SME) owners have been recently placed in a better position to win contracts along the proposed East African Crude Oil Pipeline (EACOP) after completion of
Read MoreNegotiations With UAE Firm To Finance & Construct Shs15Trn Oil Refinery At Final Stages-Govt
President Yoweri Museveni last year launched spudding of oil wells at Kingfisher oil project operated by CNOOC in Kikuube District The Government of Uganda has revealed that negotiations for the financing and construction of the country’s USD 4 billion (Shs15.26 trillion) domestic refinery began this month after Alpha MBM Investments
Read MoreThe Energy and Mineral Development Minister, Ruth Nankabirwa addressing Journalists at Amber House on Tuesday Uganda has kicked off consultations with Tanzania to allow the Uganda National Oil Company to market and handle fuel imports. The latest move comes after declined to issue Uganda National Oil Corporation (UNOC) a license
Read MoreActionAid International is urging countries including Uganda to impose taxes on surplus profits earned by fossil and the banking sectors. ActionAid International says a surplus profit technically known as a Windfall profit tax could generate as much as US$382 billion in revenue, an amount that could be spent on public
Read MorePresident of Dangote Group, Alhaji Aliko Dangote, Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Dangote also thanked the Nigerian National
Read MoreUgandan insurers are slowly making inroads in taking up risks in the oil and gas sector despite the challenge. By the end of 2023, Ugandan insurers were operating in the Tilenga, Kingfisher, and East African Crude Oil pipeline projects though there was an indication of challenges with getting bigger foreign
Read MoreFormer Benin PM Lionel Zinsou Lionel Zinsou, a former Prime Minister of Benin, is set to undertake the evaluation of the land compensation processes carried out by TotalEnergies EP in Uganda and Tanzania. The land acquisition was meant to pave the way for the development of the Tilenga oil and
Read MoreBoda boda operators queue as they await their turn to be served by an attendant at a petrol station in Uganda’s capital Kampala, on January 18, 2022. FILE PHOTO | AFP Kenya is lobbying Uganda to continue using the port of Mombasa to import fuel when the neighbouring country starts
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