Ernest Rubondo the ED PAU The oil and gas sector in Uganda has been lauded as a good example for countries to follow, due to Uganda’s efforts in promoting a favourable business environment for investment. The remarks were made on Thursday, 15th October, 2020,by Ingrid Sølvberg, the Director General of
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The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to support small- and medium-size enterprises (SMEs) and infrastructure projects in East Africa. EADB is an important regional development institution for
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Nearly four years after Uganda abandoned Kenya in building an oil pipeline that would have transported its oil to Lamu, it has now officially signed a KSh410 billion ($3.5 billion) deal with Tanzania, leaving Nairobi to walk alone. The deal signed on Sunday between President John Magufuli and his Ugandan
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The deal was signed by Tanzania's President John Magufuli and Uganda's President Yoweri Museveni Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km (898 miles) crude oil pipeline. The $3.5bn (UShs12.9 trillion) project will connect Uganda's oil fields to Tanzania's port of Tanga. The
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On Friday, Uganda's Presideent Yoweri Museveni presided over the signing of the Host Government Agreement (HGA) for the East Africa Crude Oil Pipeline (EACOP) project between the government and Total. The Signing of the HGA signifies that the oil companies represented by Total, and Government have reached agreement on the
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In research released on Thursday alongside FIDH and partner organizations, Oxfam highlighted the major risks of oil projects led by French energy giant Total in Uganda and Tanzania, which would require over 12,000 families to lose land and endanger sensitive and vital ecosystems. Despite plunging oil prices, a pandemic, and
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Tullow Oil plc (Tullow) has today announced that CNOOC Uganda Limited (CNOOC) has informed both Tullow and Total that it will not pre-empt the sale of Tullow’s assets in Uganda to Total. On 23 April 2020, Tullow announced that it had agreed the sale of its assets in Uganda to
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The New PAU Board of directors in a group photo A new Board of Directors that will steer the Petroleum Authority of Uganda (PAU) for the next four (4) years has been inaugurated. The new board was inaugurated by Dr. Kitutu Kimono Mary Goretti, the Minister of Energy and Mineral
Read MoreThe African Development Bank (AfDB) has distanced itself from what it called an inaccurate news article stating that the institution plans to provide financial support to the East African Crude Oil Pipeline Project. “The Bank strongly refutes the claims in the misleading article, which references a letter by a group
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The Government of Uganda has applauded the agreement reached between Total and Tullow; which will see Total acquire Tullow’s entire interests in the Uganda Lake Albert Development Project. The Minister of Energy and Mineral Development, Kitutu Mary Goretti Kimono (pictured) welcomed the news. “The agreement is a significant milestone in
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