Oil prices marched higher on Tuesday following reports indicating that Russia and Saudi Arabia are considering extending the oil production cut deal agreed between both OPEC and non-OPEC members once it expires in March 2018. Russia's Energy Minister Alexander Novak was a key architect of the output cut deal that
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By Peter Abaanabasazi The Government of Uganda has come under fire over human rights violations in oil refinery affected areas. Bunyoro Parliamentary Caucus says the government has not properly handled the resettlement of people affected by the oil refinery in Kyakaboga Parish, Buseruka Sub-County, Hoima district. Led by Barnabas Tinkasimire,
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Stanbic Bank Uganda says it is ready to play a major role in Uganda’s nascent oil and gas sector by financing oil related activities. To harness the opportunities the oil and gas sector presents, Stanbic Bank in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) on Friday
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The Ministry of Energy and Mineral Development Thursday commissioned forty-six houses located in Kyakaboga Parish, Buseruka Subcounty Hoima District to the eligible households, who opted for resettlement during the land acquisition process for the refinery and other petroleum infrastructure in Kabaale Parish, Buseruka Subcounty Hoima District. While presiding over the
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Total and CNOOC Limited have confirmed their support for the 3rd Uganda International Oil & Gas Summit (UIOGS) 2017, partnering as lead sponsors and co-hosts to the event when it returns 27-28th September at the Hotel Serena, Kampala. Hosted in 2016 by President Yoweri K Museveni alongside Minister of Energy
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Uganda and a US based oil firm are set to begin working on the country's oil refinery, according to Dr. Stephen Robert Isabalija, the Permanent Secretary in the Ministry of Energy and Mineral Development. He revealed this in a statement released on Sunday. Below is the full statement; The Government of
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Work on the pipeline that will take Uganda's crude oil to export markets begins after Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni laid the foundation stone at Chongoleani, in the port city of Tanga Saturday. President Museveni arrived in Tanzania on Friday evening for a two-day state
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More than 20% of the Democratic Republic of Congo's mining revenue is being lost due to corruption and mismanagement, a campaign group says. According to a Global Witness report, the money is being distributed through corrupt networks linked to President Joseph Kabila. At least $750m (£580m) has gone missing over
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Uganda's President Yoweri Museveni has stressed the need to lower the cost of production for the private sector led growth to yield positive results. The President made the observations onFriday at State House, Entebbe during a meeting with envoys of the European Union in Uganda who were led by the
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The Petroleum Authority of Uganda has released a list of 293 local and international companies cleared as suppliers of various goods and services in Uganda’s burgeoning oil and gas sector. A number of Ugandans have in the past complained of lack of transparency in the oil and gas sector, but
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