Juba, South Sudan | AFP | South Sudan said Monday it was renegotiating an oil deal with Khartoum, as it will not meet a December deadline to finish paying $3 billion (2.7 billion euros) agreed as compensation for the oil-rich nation’s 2011 secession. South Sudan and Sudan in 2012 …
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Borrowing against future oil revenue pushes Uganda to Resource Curse – Mutebile Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU) Governor Emmanuel Tumusiime-Mutebile has said the expectation of oil revenues has pushed Uganda to go for more expensive loans to finance infrastructure projects, a precursor for a resource …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that he is in touch with the executives of oil companies and will meet them soon to discuss the current impasse in the sector. Museveni, who was speaking at the 5th Oil and Gas Summit at Serena Hotel in Kampala …
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Kampala, Uganda | THE INDEPENDENT | The United Nations’ Secretary-General Antonio Guterres has convened an urgent summit of World leaders to ignite global actions against unfolding waves of climate change emergencies. The Summit due to take place in the New York on Monday is expected to be attended by world …
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Paris, France | AFP | The vital transition to a zero-carbon economy is likely to be a long and rocky road. So-called green energy is booming, but not fast enough to curb climate change, which is accelerating at an alarming pace as oil, gas and coal consumption soar. – Booming renewables …
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Will he flee or fight oil firms? Kampala, Uganda | RONALD MUSOKE | President Yoweri Museveni’s plan to get Shs 446 billion from Uganda’s Petroleum Fund to finance part of the budget deficit this year may have been dashed when Tullow Oil refused to cough up Shs 600 billion in …
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Tehran, Iran | AFP | Iran on Sunday dismissed US accusations it was behind drone attacks on Saudi oil installations, suggesting the United States was seeking a pretext to retaliate against the Islamic republic. “Such fruitless and blind accusations and remarks are incomprehensible and meaningless,” foreign ministry spokesman Abbas Mousavi …
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Government, Total respond as Tullow’s $900M deal flops Kampala, Uganda | THE INDEPENDENT | Uganda’s Energy Ministry has stressed that Tullow must pay Capital Gains tax before it can be allowed to sell part of its stake to Total and CNOOC Uganda. Tullow confirmed earlier Thursday that their Sale and Purchase …
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Paris, France | THE INDEPENDENT | Oil giants Total have re-affirmed their commitment to progressing the development of the Lake Albert oil resources, despite their Sale and Purchase Agreement (SPAs) with Tullow collapsing today. Tullow Oil plc announced earlier that it has been informed that its farm-down to Total and CNOOC will …
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Tullow speaks out on termination of farm-down agreement with Total and CNOOC in Uganda Kampala, Uganda | THE INDEPENDENT | Tullow Oil plc has announced that it has been informed that its farm-down to Total and CNOOC will terminate at the end of today, 29 August 2019, following the expiry …
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The Independent Uganda: You get the Truth we Pay the Price
