Tag Archives: oil reserves

Kampala, Uganda | THE INDEPENDENT | Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Joseph Ssewungu had called the ministers but none …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have quizzed officials from the Ministry of Finance, Planning and Economic Development over the skyrocketing fuel prices in the country. The MPs on the Committee of Finance believe that the ongoing fuel crisis would have been averted if the county’s oil reserves were …

Jinja, Uganda | THE INDEPENDENT | Uganda’s oil reserves in Jinja have run out of fuel, Uganda National Oil Company-UNOC depot manager, Joel Nkangi has announced amidst a crisis that has led to an escalation of fuel prices in recent weeks. Pump prices have now increased to an average of 6,000 Shillings …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned officials from the Ministry of Finance, Planning, and Economic Development over the skyrocketing fuel prices across the country. Fuel prices have been rising sharply since early last year but since the beginning of this month, they have …

By Ronald Musoke Uganda’s oil reserves have shot up by 87% from 3.5 billion barrels following recent appraisals of 14 oil wells done by the three oil companies currently involved in the country’s oil sector. A senior energy ministry official said following the evaluation of more oil wells which encountered …