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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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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