Dar es Salaam An initial plan for Tanzania and Uganda to have first oil flow in 2020 through the Uganda-Tanzania crude oil pipeline is under threat as investors have been delaying to make final investment decisions, the Ugandan minister for energy and mineral development, Ms Irene Muloni, has revealed. “Indeed,
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The Ugandan government had earlier announced 2020 as its first oil production deadline. However, Matia Kasaija, the Minister of Finance, Planning and Economic Development says that Government is clueless on when Uganda will see her first oil. Kasaija made the remarks while addressing guests that had gathered at Kampala Serena
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The African Energy Chamber is encouraged by the progress made in South Sudan’s oil sector after the peace agreement. The success of the South Sudan Oil & Power 2018 conference, which was attended by over 750 participants representing upstream, midstream and downstream sectors of the oil sector from Africa, Europe,
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Fuel pump prices in Uganda have hit through the roof, causing fears that it may result into a rise in commodity prices and ultimately trigger inflation. Currently, a liter of petrol in Kampala is averaging Shs4,400 up from an average of Shs3, 800 in January this year. Diesel prices are
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By Reuters Uganda, which is developing oil deposits but has yet to begin production, will launch its next bidding round for oil exploration licenses in May 2019, a government official said on Tuesday. Uganda discovered 6.5 billion barrels worth of hydrocarbon deposits 12 years ago in the Albertine rift basin
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Kenya listed oil marketer KenolKobil is set to acquire 33 petrol stations in Uganda and Rwanda, marking a return to expansion nearly three years since it scaled down its regional footprint by exiting Tanzania and the Democratic Republic of Congo markets, Daily Nation reports. The company announced on Wednesday that
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By Michael Muhangi Uganda discovered commercial volumes of oil in the Albertine and Nile basin more than 10 years ago. At that time the exploration phase, which took 8 years, attracted an expenditure of $3 billion (Shs11 trillion) causing a lot of excitement across the divide with multinationals and big
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Total E&P Uganda, the lead company on the Tilenga and EACOP Projects Thursday unveiled the first batch of welding students to be trained as part of the welders training programme launched earlier this year. The welders form the 1st batch of 25 out of the 200 students targeted for this
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Local suppliers are likely to earn over 150 billion shillings from supply of goods and services to the oil and gas sector in 2018. Petroleum Authority Executive Director, Dr Earnest Rubondo confirms that the Authority approved work programmes for local companies to the tune of $400m (Shs1.5 trillion) for the
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South Sudan has announced that it will resume pumping oil next month in areas where it was suspended in 2013 because of the civil war. Production is expected to return to its normal average of 375,000 barrels per day in three years, with an anticipated 210,000 barrels by the end
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