The Ugandan government has revised its oil volumes to 6 billion barrels, down from 6.5 billion barrels earlier reported. Addressed the media today on the latest updates in the Oil and Gas sector at Amber House in Kampala, Energy Minister, Eng Irene Muloni said that the resources in these fields
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South Sudan Sees Shs7 Trillion In Oil Investments As Just The Start
Recent pledges of $2 billion (UShs7.4 trillion) in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said. Ezekiel Lul Gatkuoth’s prediction comes as the African nation’s warring sides prepare to form a power-sharing government in
Read MoreBy Santos Mugisa Atwooki, Concerned Citizen I write this commentary in response to a story published by New Vision on 20th November 2018 titled “Bunyoro Rejects Kingfisher Tilenga names for Oil Fields”. The Bagungu want the Tilenga oil project renamed to Tilenga-Bungungu. First of all, I appreciate their valid reasons
Read MoreDar 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,
Read MoreThe 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
Read MoreSouth Sudan’s Oil & Power Investment Drive Is A Path Towards Lasting Peace
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,
Read MoreFuel 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
Read MoreBy 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
Read MoreKenya 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
Read MoreLocal Firms Should Acquire Relevant Qualifications To Benefit From Oil & Gas Industry
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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