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Tag Archives: oil

ANALYSIS: Whatever happened to East Africa’s oil boom?

Luke Patey | AFRICAN ARGUMENTS |  It was not long ago that East Africa was the shining frontier of the continent’s oil scene. Uganda sparked the rush in 2006 after wildcatters ventured deep inland and made Africa’s largest onshore discoveries in decades. And Kenya’s north­western Turkana region continued the run with new oilfields found …

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Equatorial Guinea gives President Museveni highest honour

Equatorial Guinea gives President Museveni highest honour Malabo, Equatorial Guinea | PPU | SATURDAY | The people of Equatorial Guinea have presented the highest honour of their country, the Great Collar of Independence Award, to Uganda President Yoweri Museveni who is on a 4-day state visit to the Central African nation …

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Stanbic, ICBC expose oil and gas opportunities

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …

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OPEC pumps more oil in July despite cut pledge: IEA

Paris, France | AFP | OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel’s pledge to cut output to raise prices. In its monthly report on the global oil market, the …

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Museveni, Magufuli lay foundation stone for oil pipeline

Presidents Museveni, Magufuli lay foundation stone for crude oil pipeline construction Tanga, Tanzania | PPU | President Yoweri Museveni and his Tanzania counterpart Joseph Pombe Magufuli have commissioned the construction of the 1,445km-long East African crude oil pipe line from Hoima district in Uganda to the Tanzanian port of Tanga. The …

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Nigerian military ordered to boost response to Boko Haram

Abuja, Nigeria | AFP | Nigeria’s military has been ordered to strengthen its response to Boko Haram after 69 people were killed in an ambush earlier this week, the government said on Sunday. Vice-President Yemi Osinbajo held emergency talks with top brass to discuss Tuesday’s attack, which targeted an oil exploration …

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