The Government of Uganda through the Ministry of Energy and Mineral Development has signed the Memoranum of Understanding (MoU) with the Russian state Atomic Energy Corporation(ROSATOM) on the cooperation in the peaceful uses of atomic energy. A statement issued by Uganda’s energy ministry on Tueday, the MoU was signed on
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Hass Petroleum Group has sold 40% of its shares to Oman Trading International (OTI). A statement from the company indicates that the move will allow the Kenyan oil marketing company embark on its strategic growth and expansion plans across the Eastern, Central and Horn of Africa. The Group will invest
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Corruption, mismanagement and political influence are undermining investment in Uganda’s mining sector and threatening people and environment, Business Focus reveals. The Global Witness report released on Monday (June5, 2017) indicates that pervasive corruption in Uganda’s mining sector allows crooked officials and the investors they partner with to profit at the expense
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Vivo Energy Uganda has recruited Gilbert Assi as its new Managing director, Business Focus reveals. Assi replaces Hans Paulsen, who has been at the helm of the company over the past three years. Vivo Energy Uganda is the company that distributes and markets Shell branded fuels and lubricants. According to
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The Government of Uganda has insisted that Uganda will have its oil out of the ground come 2020 despite many analysts and Ugandans have their reservations about the set deadline. This assurance was revealed by Eng. Irene Muloni, Uganda’s Minister for Energy and Minerals during the signing of the Intergovernmental
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By Godfrey Kenneth Gobba If you want to make money during the oil boom, you had better start casting your nets right now or else you might end up watching everyone else become a billionaire while you scratch your head wondering where you went wrong. Have you thought about how
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Ugandan President Yoweri Museveni and his Tanzanian counterpart, President John Pombe Magufuli on Sunday signed an East African Crude Oil Pipe Line Agreement (EACOP) as an expression of intent to go ahead with the construction of the 1,400kms oil pipe line from Hoima district in Western Uganda to the Tanzanian Port
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On Tuesday, Sydah Bbumba, who was the Minister of Energy and Minerals from 2002 to 2006 admitted that she signed Production Sharing Agreements without thoroughly reading through the documents of the deal that cost Uganda US$157M (over Shs570bn) Bbumba who had appeared before the Parliamentary Committee of Commissions, State Enterprise
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Uganda's President Yoweri Museveni has called for more cooperation among oil and gas producing African countries. He was this morning addressing the joint oil and gas convention and regional expo at the Kampala Serena Hotel. The President of Equatorial Guinea, Mr. Teodoro Obiang Nguema Mbasogo, also addressed the convention before
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Uganda and Equatorial Guinea have entered a wide range of agreements that will see the two countries expand their ties in oil and gas management, economic and technical cooperation, among others The agreements were signed at the conclusion of bilateral talks between Uganda's President Yoweri Kaguta Museveni and President Teodoro
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