President Museveni addresses the Tanzania-Uganda Oil and Gas Symposium, Sunday as Host President Suluhu Hassan Looks on The private sector, specifically those in businesses relating to the oil and gas industry want the governments of Uganda and Tanzania to lift some of their national laws that might hinder companies from
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The price of Uganda’s oil and gas products on the local market will be determined by the international prices of similar products, and not the conditions in Uganda, according to industry leaders. These are mainly the products that will be produced at the Ugandan refinery that is due to be
Read MoreThe Uganda Law Society (ULS) wants 30% oil revenue saved for the future generation. ULS has also backed the proposal by Government to allow the Uganda National Oil Company to spend oil money without approval of Parliament. ULS’s views were revealed by Asmahaney Saad, Head Natural Resources Cluster at Uganda Law Society
Read MoreFrancis Nanai Executive Director, Tanzania Private Sector Foundation (R), Richard Kabonero Uganda’s High Commissioner to the United Republic of Tanzania (C) and Zachy Mbenna, Director of Membership Services (L). Tanzania Private Sector Foundation (TPSF) in partnership with Private Sector Foundation Uganda (PSFU) are organizing the first joint Oil and Gas
Read MoreChina National Offshore Oil Corporation Ltd (CNOOC) has finally closed the long-awaited Final Investment Decision (FID) for the development of Uganda’s oil and gas projects in the Albertine. Energy and Mineral Development Minister, Ruth Nankabirwa confirms that the Chinese confirmed that they have authorized an FID in Uganda. “I was
Read MoreHon Otaala (L) chairing the committee as they met members of civil society on the bill Clauses in the East African Crude Oil Pipeline (Special Provisions) Bill, 2021 has rattled a section of civil society organisations over concessions and tax exemptions in the proposed legislation. During an appearance before the
Read MoreJulius Mukunda Executive Director CSBAG (L) and Onesmus Mugenyi -Deputy Executive Director Advocates Coalition for Development and Environment (ACODE) appearing before Parliament Environment and Natural Resources Committee . Government has been warned against giving Uganda National Oil Company powers to spent oil revenue at source on grounds that the oil money might
Read MoreFuel prices have increased to a record high Fuel prices in Kampala and Uganda at large have hit a new high, with a litre of petrol going for as high as 4,450 Shillings while diesel was quoted at 3,999 Shillings at some stations on Monday. This is an increase of an average
Read MoreCNOOC Uganda Limited, an oil and gas company on Friday undertook the training of Heavy Goods Vehicle (HGV) drivers so as to be able to professionally trucks and trailer (class License) or rigid trucks (class CM license). The training is expected to cater for the estimated transportation needs which shall
Read MoreOil Curse? Hoima & Buliisa Skyline Changing As Bunyoro Turns Into Hive Of Activity
The runway at Hoima's Kabaale International Airport. Bunyoro’s districts have begun to reap benefits from infrastructures being constructed for oil and gas development in the Albertine The discovery of oil in the Albertine is altering the socioeconomic profile of a once-sleepy town of Hoima now dubbed as oil city. While
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