Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …
Read More »Slow oil and gas development hurts logistics industry
Kampala, Uganda | ISAAC KHISA | Joram Nyanzi is the managing director of Kenlloyd Logistics Uganda Ltd. He spoke to Isaac Khisa about the performance and prospects of the region’s logistics industry. What is your management style as the managing director? I am a strong believer in human resource in an …
Read More »PNG quake leaves 67 dead as aftershocks rock homes: Red Cross
Sydney, Australia | AFP | At least 67 people were killed by an earthquake that devastated Papua New Guinea’s remote highlands last week, the Red Cross said Monday, with thousands more homeless and without food and clean water. The recovery effort has been slow as aid workers grapple with blocked …
Read More »Nigeria looks to local skills to develop oil and gas
Lagos, Nigeria | AFP | Fishing boats look like specks alongside Egina, which has been moored for the last month in Lagos. Even the container ships that normally dominate the port look like small boats. The floating production storage and offloading facility (FPSO), developed by the French group Total, looks …
Read More »Local oil and gas suppliers told to build partnerships
Kampala, Uganda | RONALD MUSOKE | Ugandan suppliers looking at providing goods and services to the fledgling oil and gas sector need to build partnerships with their international counterparts if they are to fully participate in the multi-million dollar opportunities expected to flow in the coming months. Elly Karuhanga, the …
Read More »Israel announces ‘historic’ gas contract with Egypt
Jerusalem, Undefined | AFP | Israel has struck an “historic” contract to supply natural gas to Egypt, Prime Minister Benjamin Netanyahu announced Monday, in a deal one firm said was worth $15 billion over 10 years. “This will bring billions of dollars to state coffers,” Netanyahu said in a statement …
Read More »Algeria gas plant marks five years since bloody hostage siege
In Amenas, Algeria | AFP | Workers at Algeria’s In Amenas gas plant gathered Tuesday around a black marble memorial to mark five years since a deadly raid by Al-Qaeda-linked jihadists left 40 hostages dead. All trace of the four-day siege — which saw workers from Japan, the Philipines, Britain, …
Read More »Stanbic, ICBC expose oil and gas opportunities
Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …
Read More »OIL: Mozambique’s gas boom dream under threat
Palma, Mozambique | AFP | The small, palm-fringed fishing town of Palma was meant to become a symbol of Mozambique’s glittering future, transformed by one of the world’s largest liquefied natural gas projects. But construction has fallen far behind schedule and the town’s fate is uncertain after gas prices fell …
Read More »Museveni in Bahir Dar for security forum on natural resources
President Yoweri Museveni is in Bahir Dar, Ethiopias’ second largest city, for the 6th TANA high-level forum on security in Africa that will focus on natural resources. Africa’s natural resource endowments stand at 12% of global oil reserves, 40% of global gold deposits, and about two thirds of the world‟s …
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