Some of the roadside fuel dealers awaiting for their customers in Arua city Fuel stations in Arua are crying foul over the increasing number of fuel vendors on the streets of the city, something they say is affecting their sales. They argue that their businesses are on the
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By Dozith Abeinomugisha (pictured above), Director Midstream & Benjamin Ariho, Senior Petroleum Officer, Refining Energy is one of the key drivers of economic growth and development world over. Overcoming energy poverty is among the world’s greatest challenges. All the countries in the East African Region (EAR) do not produce
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Kampala storage terminal The Uganda National Oil Company (UNOC) has said the search for a venture partner is delaying the development of Kampala Storage Terminal ( KST), a reservoir aimed at reducing fuel shortages that usually lead to abnormal price increase in petroleum products. Peter Muliisa, UNOC’s Chief
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Zakalia Lubega, the Head of Corporate Affairs at CNOOC Uganda speaking to journalists at the sidelines of the handover ceremony for 56 resettlement housing units for the Project Affected Persons (PAPs) CNOOC Uganda will start generating electricity once oil production starts in the second quarter of 2025. Zakalia Lubega, the
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By Dr. Joseph Kobusheshe The term “energy transition” has been widely used to refer to the shift from use of fossil fuels that include oil, gas, and coal (which are the primary sources of Green House Gas (GHG) emissions) to renewable energy sources like solar, wind, hydropower and geothermal. It
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By Clovice Bright Irumba On 25th May 2022, TotalEnergies SE was scheduled to hold its Annual General Meeting in Paris. However, a group of climate activists staged a protest, demanding that Mr. Patrick Pouyanné, the CEO commits, among other issues, to put an end to all new fossil fuel projects including
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The East African Crude Oil Pipeline (EACOP) represents a critical solution to making energy poverty history in Africa by 2030. In addition to transporting much-needed oil across the region and improving energy security by connecting hydrocarbon-rich basins in Uganda with both its regional and international destinations, the pipeline will be
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Stabnic Bank Uganda CEO, Anne Juuko Stanbic Bank Chief Executive Officer (CEO), Anne Juuko, on Wednesday morning dissected the different opportunities in the oil and gas sector. Early this year, key players in the oil and gas sector announced an Investment Decision worth US$ 10 billion. But speaking on the
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Finance PS, Ramatha Ggoobi Uganda’s GDP growth rate is expected to be at between 9 and 10% in five years. This was revealed by Ramathan Ggoobi, the Permanent Secretary - Ministry of Finance, Planning and Economic Development at the 3rd Annual National Content Conference happening at Serena Hotel in Kampala.
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Government through the Minister of Finance, Planning and Economic Development, Matia Kasaija has revealed that despite criticism from sections of the public, the construction of the East African Crude Oil Pipeline (EACOP) is expected to commence in the coming financial year. “While there have been negative campaigns against the development
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