Kampala, Uganda | THE INDEPENDENT | The amount of crude oil so far discovered is six billion barrels, down from 6.5 billion barrels, the Uganda government has announced. Of the six billion barrels, the amount recoverable has also been put at 1.4 billion barrels, down from the initial range of between …
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London, United Kingdom | AFP | The Nigerian government is taking oil giants Shell and Eni to court in London, requesting the return of $1.1 billion (969 million euros) as part of a case of alleged corruption dating back to 2011, Bloomberg reported on Thursday. Nigeria alleges that the money …
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Vienna, Austria | AFP | OPEC members and 10 other oil producing nations, including Russia, agreed Friday to cut output by 1.2 million barrels a day in a bid to reverse falls in prices in recent months. Energy ministers reached the deal — which takes effect from January 1 but …
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New York, United States | AFP | Hong Kong’s former home affairs secretary Patrick Ho Chi Ping was convicted by a New York court Wednesday over a multimillion dollar bribery scheme in Africa on behalf of a top Chinese energy company. Ho, 69, was convicted by a jury of seven …
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Abuja, Nigeria | AFP | Nigeria’s main anti-corruption agency on Monday filed for the arrest of former oil minister Diezani Alison-Madueke after a judge approved a request for her to be charged with corruption. The Economic and Financial Crimes Commission (EFCC) said in a statement the application for warrant of …
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Buenos Aires, Argentina | AFP | Turkish President Recep Tayyip Erdogan demanded Saturday that Saudi Arabia extradite suspects in the killing in Istanbul of journalist Jamal Khashoggi, taking to task the kingdom’s crown prince who was basking in his quick return to the world stage at the G20. Crown Prince Mohammed …
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Kampala, Uganda | THE INDEPENDENT | The Civil Society Coalition for Oil has reported an invasion of speculators rushing to acquire properties in areas of Gomba in a scheme to reap from the East African Crude Oil Pipeline project. Gomba is among the ten districts where the proposed 1,445 kilometres …
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JOB TITLE: Internal Auditor | Uganda National Oil Company REPORTS TO: Head of Internal Audit (HIA) JOB PURPOSE: Assist in the development of the annual audit plan, schedule and execute audit engagements and other tasks and complete special projects as may be assigned. Application procedure: Completed and signed Application Forms …
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Riyadh, Saudi Arabia | AFP | Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and international suppliers, CEO Amin Nasser said Monday. “We signed $27.5 billion (24 billion euros) in a total of 31 commercial collaborations,” Nasser said in a statement …
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Caxito, Angola | AFP | Boxes of still-green bananas were shifted one-by-one from a towering stack of crates into a refrigerated shipping container. Stamped “From Angola, with love”, the fruit is shipped to consumers 6,000 kilometres (3,700 miles) away and are part of Luanda’s drive to diversify its economy …
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