Government through the Ministry of Energy and Mineral Development has spoken out on the possibility of oil being discovered in Kayunga district. “There is no oil in Kayunga district,” says Yusuf Masaba, a Communication Specialist at Ministry of Energy and Mineral Development. This is after Daily Monitor published two articles
Read More
The government of the Democratic Republic of Congo has decided to allow oil exploration in two protected wildlife parks, Virunga and Salonga, the BBC reports. The move is strongly opposed by environmental activists, who say drilling would place wildlife at risk and contribute to global warming. Around one-fifth of Virunga
Read More
OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks, Bloomberg reports. While Iran said on Sunday it’s opposed to any increase to current quotas, officials
Read More
At least 100 business leaders across different sectors will benefit from dfcu Bank’s Oil and Gas local content skilling and sensitization program every month. As part of the Business Accelerator Program, dfcu has planned a series of workshops targeting multiple sectors that can potentially take up opportunities in the Oil
Read More
Kenyan President Uhuru Kenyatta today declared a “great day for Kenya” as he flagged off the first consignment of crude oil destined for export from Kenya, which will lead to oil becoming a major contributor to the nation’s economy. The Standard reports that Kenyatta flagged off trucks loaded with crude
Read More
Tanzania has directed multinational companies operating in the country's extractive sector to open local bank accounts so authorities can scrutinise their finances. The move is in line with new mining laws aimed at curbing illicit financial flows in the oil and gas subsectors. The companies are required to comply with
Read More
Ugandan President Yoweri Kaguta Museveni on Sunday April 13, 2018 met investors from the MAN Group of India that specializes in the production of coating and insulation for oil pipelines, Business Focus understands. MAN is one out of four companies in the world that is in this line of business.
Read More
The Resident Coordinator of the United Nations System in Uganda, Rosa Malango has said the relatively effective laws, policies and regulations governing the oil and gas sector should be replicated to streamline other sectors in the country. Addressing the 4th Oil and Gas Convention in Kampala on Thursday, Malango said
Read More
Private security firm, Askar Security Services is ready for the task of providing security in the oil and gas sector, the company's operations boss has revealed. Julius made the remarks at the just concluded 4th Annual Oil & Gas Convention held at Kampala Serena Hotel on Wednesday and Thursday. "We
Read More
The Ministry of Energy and Mineral Development’s Petroleum Supply Department has listed and shamed 114 fuel stations selling adulterated fuel in Uganda. Yusuf Masaba, a Communication Specialist at Ministry of Energy and Mineral Development told Business Focus that the named companies will be penalised in accordance with administrative guidelines and
Read More
