Museveni: Petroleum important for 40 more years despite war by conservationists Dar es Salaam, Tanzania | THE INDEPENDENT | The private sector, specifically those in businesses relating to the oil and gas industry, want the governments of Uganda and Tanzania to lift some national laws that hinder companies from trading …
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Local firms need to enhance their capital base and strengthen corporate governance to benefit from the nascent sector Kampala, Uganda | JULIUS BUSINGE | Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and …
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Oil and gas represent one major source of Libya’s revenue Tripoli, Libya | Xinhua | Libya is seeking to increase oil and gas production in the country over the next five years, Minister of Gas and Oil Mohamed Aoun said on Monday. “We plan to increase oil production to 2.1 million …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has defended petroleum distribution companies in Uganda against accusations that they are overcharging motorists for fuel products. The ministry says that it is still convinced that the fuel product distributors are well within acceptable margins, but that …
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Kampala, Uganda | THE INDEPENDENT | China National Offshore Oil Corporation (CNOOC) has finally closed the long-awaited Final Investment Decision (FID) for the development of Uganda’s oil and gas projects in the Albertine. Energy and Mineral Development Minister, Ruth Nankabirwa stated that the Chinese confirmed that they have authorized an FID …
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Algiers, Algeria | Xinhua | Algerian President Abdelmadjid Tebboune decided on Sunday to stop natural gas exports to Spain through Morocco, the official APS news agency reported. The presidency announced in a statement that Tebboune ordered the state-owned energy company Sonatrach to stop commercial relationship with Morocco and not to …
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Kampala, Uganda | THE INDEPENDENT | Six staff of Africa Institute for Energy Governance (AFIEGO) are currently detained at Kira Police Station. They include Dickens Kamugisha, the Chief Executive Officer, Rachael Amongin, the Assistant Communications Officer and Catherine Twongyeirwe, Finance and AdminIstration Assistant. Also Mercy Nuwamanya, a Front desk officer, …
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COMMENT | Joseph Mukasa Ngubwagye | The last lap to oil production is upon us. Indeed, if the government’s prediction is anything to go by, the first drop of oil is expected out of the ground in 2025. It has been a long journey since 2006 when commercially viable quantities were …
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Hoima, Uganda | THE INDEPENDENT | The discovery of oil in the Albertine graben is altering the socio-economic profile of a once-sleepy town of Hoima now dubbed as oil city. While the discovery of oil in Albertine has raised fear of a likely resource curse, some residents in Hoima and Buliisa …
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Kampala, Uganda | THE INDEPENDENT | The government has tabled before Parliament a draft law through which Ugandans will be given priority for use of labour and other resources, during the construction of the East African Crude Oil Pipeline (EACOP). The proposed law tabled by the Minister of State for …
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The Independent Uganda: You get the Truth we Pay the Price
