Luanda, Angola | AFP | Angolan prosecutors opened an investigation on Friday into possible corruption at the country’s state oil giant when it was run by former president Jose Eduardo dos Santos’ daughter Isabel. Investigators will probe “irregular financial transfers” reported by Sonangol’s new management, prosecutors said in a statement. …
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Washington, United States | AFP | The United States took action Monday against several Maltese, Libyan and Egyptian firms, traders and ships allegedly involved in smuggling oil out of Libya in violation of UN sanctions. Libya has been gripped by chaos since a NATO-backed uprising toppled and killed longtime dictator …
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Kampala, Uganda | RONALD MUSOKE | Ugandan suppliers looking at providing goods and services to the fledgling oil and gas sector need to build partnerships with their international counterparts if they are to fully participate in the multi-million dollar opportunities expected to flow in the coming months. Elly Karuhanga, the …
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Kampala, Uganda | RONALD MUSOKE | Susan Eckey is Norway’s ambassador to Uganda. She spoke to The Independent’s Ronald Musoke on the growing bilateral relations between the two countries. Tell us about your impressions of Uganda since you arrived in 2015? Uganda is my first posting as a bilateral ambassador. I …
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Paris, France | AFP | The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish of earnings reports …
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Kigumba Petroleum Institute has trained just 133 locals with certificates and diplomas in oil and gas Kampala, Uganda | JULIUS BUSINGE | Uganda will start investing in the oil and gas infrastructure ahead of the planned production in 2020 but there are indication that majority of the work will be undertaken …
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Buenos Aires, Argentina | AFP | The United States said Sunday it has not ruled out sanctions on Venezuelan oil as it turns the screw on President Nicolas Maduro, but is wary of hurting the country’s people. Secretary of State Rex Tillerson is in Argentina as he tours Latin American to …
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Uganda is becoming more appealing destination for investors from the East African Community (EAC) Kampala, Uganda | JIMMY SIYA | From the time the Uganda government announced that it will be constructing an oil pipeline, Kenyan logistic companies have shown interest in moving into the country to tap from the …
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Lagos, Nigeria | AFP | A gigantic oil tanker arrived in Nigeria as part of a multi-billion dollar project that should allow one of Africa’s biggest crude producers to pump out an additional 200,000 barrels a day. The floating production storage and offloading vessel is docked in Lagos after spending …
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Paris, France | AFP | The United States are set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday. “This year promises to be a record-setting one …
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