Total's oil drilling rig at work The proceeds expected from Uganda's oil will be invested in foreign assets rather than domestically, according to the Petroleum Revenue Investments Reserve (PRIR) management. PRIR is a sovereign wealth fund, a savings and investment vehicle for petroleum revenues. It holds money meant for savings
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Officials from TotalEnergies EP Uganda are joined by stakeholders in the oil and gas sector to launch the company’s Social Report 2025 TotalEnergies EP Uganda (TEPU), in partnership with the Petroleum Authority of Uganda, convened the inaugural Tilenga Social Performance Forum at the Sheraton Kampala Hotel under the theme “Catalysing
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By Dr. Fred Kabagambe-Kaliisa “Uganda’s oil and gas story is still being written. But it cannot be told in full without recognising the leadership that turned forgotten potential into an opportunity for generations.” Veteran Ugandan journalist Mr. Tonny Owana recently shared a 1980 article by Ilakut Ben Bella, first published
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Central Processing Facility at Kingfisher project. Courtesy Photo The oil and gas project developers under the Kingfisher and Tilenga projects in the Albertine Graben are working around the clock to deliver first oil by July 2026. However, a key component -the oil refinery- won't be ready when crude oil begins
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CNOOC Uganda's oil drilling rig The Deputy Governor Bank of Uganda, Professor Augustus Nuwagaba, has asked the people of Bunyoro to prepare and position themselves to tap opportunities that will accrue from the oil and gas sector discovered in their area. During his visit to the Kingfisher Development Area (
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By Yusuf Masaba Uganda’s oil and gas story is often told through the lens of barrels, pipelines, and global energy geopolitics. Yet, beneath the headlines lies a quieter but equally transformative narrative: the retention of value within the country and the development of Ugandan enterprises capable of competing in one
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Total's oil drilling rig at work/ Business Focus photo Tax experts have voiced concerns about the government's failure to significantly increase domestic revenue mobilisation levels amid dwindling external assistance sources. Uganda’s domestic revenues have remained at around 13 percent of the economy’s value for years despite government efforts to increase
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By Ali Ssekatawa It’s a busy morning at Kyotera Main Camp and Pipe Yard (MCPY 4) as heavily loaded trucks arrive, offloading insulated line pipes from the Nzega Coating and Insulation Plant in Tanzania. At the camp entrance, flagmen diligently clear each truck before it proceeds into the yard. Overhead,
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Local suppliers in a group photo after the suppliers’ development workshop The Petroleum Authority of Uganda (PAU) has called on local suppliers to embrace joint ventures as a strategic approach to increase their competitiveness in Uganda’s fast-growing oil and gas sector. Speaking during a supplier development workshop organised by COSL
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TotalEnergies EP Uganda officials at a stall showcasing agric-based products. TotalEnergies EP Uganda (TEP Uganda), has today hosted the inaugural Tilenga Project Agri-Business Forum under the theme: “Empowering Farmers and Enabling Linkages: An Agriculture Value Chain Networking Forum.” The forum which was held at Buliisa District Headquarters brought together
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