Ali Ssekatawa, PAU Legal and Corporate Affairs Manager. Paul Bagabo, a senior officer with Natural Resources Governance Institute in Uganda says there is no a publicly available legal requirement detailing asset classes to be invested in with earnings from Petroleum fund. “The government should adopt law setting up a firm
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Presidents Yoweri Museveni and his Tanzanian counterpart, Samia Suluhu Hassan after the signing of HGAs in Uganda The Solicitor General Francis Atoke has advised government not to disclose contents of the documents related to the East African Crude Oil Pipeline Project to third parties because they contain confidential information. The
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The Petroleum Authority of Uganda (PAU) has revealed that Ugandans have benefited from the petroleum projects to a tune of US$ 171.93m (Shs605bn), representing 37% of the money invested in the industry from 2017 to 2020. PAU was responding to city lawyer Andrew Oluka who, in July 2021 filed a
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Ugandans are expected to earn a total of US$ 48.5 million or about Shs 171 billion in annual salaries and wages from employment in oil and gas companies when commercial production starts. And this will be payments for the Ugandans directly employed in the sector, who are also expected to
Read MoreUganda should have reason to get worried over the financing of its oil and gas development project, as global lenders play wait-and-see, while others have already reportedly distanced themselves. More than US$ 10 billion is due to be spent on developing various oil and gas projects over the next three
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Uganda expected to produce oil and gas by the end of 2025. While it is hoped oil and gas will be a game-changer for the economy, some say it may be a risky bet by countries like Uganda that are about to extract their oil and gas resources. The fear
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Oil refiners across the world are facing tough decisions - whether to reduce capacity, repurpose or reinvent themselves to survive and thrive through the energy transition. Uganda is however determined to have a refinery by 2026. With the push for energy transition, can Uganda’s refinery survive and remain profitable? As
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Stanbic Bank says it will give capital for oil and gas developments in Uganda. The Bank’s stand comes amidst growing opposition against fossil fuels including oil and gas in favor of renewable energy. Stanbic, part of Standard Bank Group says it can offer up $70 million to a single company
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South Sudan’s Ministry of Petroleum (MoP) officially launched the country’s first-ever oil and gas licensing round in Juba on Wednesday; Hosted by the MoP and attended by industry executives and international stakeholders, the event signifies an historic moment in the country’s budding oil and gas sector; The launch precedes the country’s
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Total E&P Uganda says it expects that first oil will be out of Uganda’s Albertine Gaben with 43 months effective from mid-May this year. Total Energies Uganda upstream project representative, Edirisa Kwizera is hopeful that unlike the past, the timeline to Uganda’s first oil will not be changed. “With the
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