Kampala, Uganda | THE INDEPENDENT | Uganda and Tanzania have agreed to complete and sign a Host Government Agreement for the East Africa crude oil pipeline by end of June this year. The new deadline comes after week-long negotiations between Ministers from Tanzania and Uganda. The protracted negotiations at Kampala …
Read More »Venezuela, an impaired oil giant
Paris, France | AFP | Venezuelan oil output has plunged by more than half in 30 years but the country still sits on the world’s biggest crude reserves, so any political changes will ripple worldwide. The country holds 17.9 percent of proven oil reserves, ahead of Saudi Arabia at 15.7 percent, …
Read More »Tanzanian delegation in Uganda for crude oil pipeline negotiations
Kampala, Uganda | THE INDEPENDENT | Ugandan and Tanzanian officials are meeting in Kampala for another round of negotiations on the Host Government Agreement for the East Africa Crude Oil pipeline. Sources at the Energy Ministry have indicated to URN that about four Ministers from Tanzania are already in Uganda for …
Read More »Board approves Kenol Kobil sale to French firm
5 Kampala, Uganda | THE INDEPENDENT | The board of the regional oil marketer, Kenol Kobil, has approved the proposed takeover of the firm by the French based company, Rubis Energie. The shareholders, however, have until February 18 to accept or decline the offer, according to reports from Kenya’s local …
Read More »Chinese, French firms top foreign oil-gas suppliers’ database
What Chinese, French domination of Uganda’s oil and gas supplier database means for Ugandan entrepreneurs Kampala, Uganda | RONALD MUSOKE | As pressure to develop key upstream infrastructure picks up with billions of dollars expected to pour into the Ugandan economy starting this year, focus is now turning onto who …
Read More »EA oil pipeline impact assessment report finalized
Kampala, Uganda | THE INDEPENDENT | The Environmental Social Impact Assessment (Esia) report for the East Africa Crude Oil Pipeline (EACOP), has been finalized and handed over to the National Environmental Management Authority (NEMA). The move signals a major milestone in the impending approval of the project. The study conducted by …
Read More »Uganda’s oil sector expects US$ 1bn investment in 2019
But will oil companies pump money into key infrastructure projects to meet new first oil timeline? Kampala, Uganda | RONALD MUSOKE | Uganda’s oil and gas industry is expected to rake in investments worth over US$ 1 billion this year,according to senior energy ministry officials. The outlay for this year is part of …
Read More »Albertine fishermen demand involvement in oil and gas sector
Kampala, Uganda | THE INDEPENDENT | Fishermen in the Albertine Graben are demanding involvement in the oil and gas sector. They argue that despite the improvement of various sectors like roads, Health facilities and Education, the fishing communities have been abandoned. Currently, the government and oil companies are implementing several infrastructures …
Read More »Fuel protests turn deadly in Zimbabwe
Harare, Zimbabwe | AFP | Violent protests in Zimbabwe claimed lives on Monday as soldiers were deployed after the embattled government more than doubled fuel prices, sparking widespread anger. Protesters burnt tyres and barricaded roads while cars were torched as demonstrations turned violent in the capital Harare and Bulawayo, Zimbabwe’s …
Read More »Zimbabwe’s president hikes fuel prices to tackle shortages
Harare, Zimbabwe | AFP | Zimbabwe’s President Emmerson Mnangagwa has announced an sharp increase in fuel prices in a measure to improve supplies as the country struggles with its worst petrol shortages in a decade. After years in international isolation, Zimbabwe’s economy has been on a downturn for more than …
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