The case against oil giants ENI and Shell on allegations of corruption in Nigeria could be one of the biggest corporate corruption trials in history, says Global Witness. The anti-corruption watchdog reacted after a judge said the case is going to be heard in an Italian court next year after
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President Yoweri Museveni has said Uganda has enough power (electricity), transport routes and opportunities to enable foreign investors thrive in Uganda. Museveni made the remarks on Thursday during a meeting with a delegation of oil and gas investors from the United Kingdom who called on him at State House, Entebbe.
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Many Ugandans are excited about the oil money that is expected when oil starts flowing come 2020. However, many will not physically touch the oil money that many believe will transform Uganda economically. According to experts, US$15bn (Shs54.7 trillion)-US$20bn (Shs73 trillion) is expected to be invested in Uganda’s oil and
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Months after Tanzania and Uganda inked a 1,445-kilometre billion dollar crude oil pipeline deal, President John Magufuli has pledged speedy implementation of the line that will run to the port city of Tanga. Addressing a public rally in Ruzingwa, Uganda Thursday before laying the second foundation stone for the project,
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President Yoweri Museveni has urged Ugandans to make sure that they prepare to benefit and earn from the Hoima- Tanga crude oil pipeline. This was during a rally President Museveni and his visiting Tanzanian counterpart. John Pombe Magufuli addressed Thursday at Kyotera Local district headquarters. “We have brought wealth to
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The Government of Uganda Tuesday signed two Production Sharing Agreements (PSA) and issued two Licenses for Petroleum Exploration, Development and Production over the Ngassa Contract Area with Oranto Petroleum Limited from Nigeria. Speaking during the Ceremony held at Amber House, Eng. Irene Muloni, Minister of Energy and Mineral Development said,
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The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well. These sentiments were echoed by speakers and delegates attending the Uganda International Oil & Gas Summit in Kampala Uganda.
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Government of Uganda Thursday signed a Production Sharing Agreement (PSA) and issued a License for Petroleum Exploration, Development and Production over the Kanywataba Contract Area with Armour Energy Limited (AEL) from Australia. Speaking during the Ceremony held at Amber House in Kampala, Eng. Irene Muloni, Minister of Energy and Mineral
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Uganda should fairly compensate landowners affected by a pipeline that will transport oil to an Indian Ocean port after accusations that some people reimbursed for earlier public projects were left worse-off, Oxfam International said. The London-based charity said it’s concerned that “community participation, livelihoods and land rights could be overlooked in a
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President Yoweri K. Museveni has been confirmed to again give the keynote and welcoming address at the 3rd Uganda International Oil & Gas Summit (UIOGS) to be hosted by the country’s Ministry of Energy and Mineral Development from 27-28 September 2017 at the Hotel Serena, Kampala. Held with the support
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