Tag Archives: oil

Kampala, Uganda | THE INDEPENDENT | Uganda and Tanzania have agreed to further fast track their plans for the construction of the $3.5 Billion East Africa Crude Oil Project. The Ministers of Energy from the two countries together with their Attorney Generals met for another round of negotiations over the project …

Kampala, Uganda | THE INDEPENDENT | A new exploration window for oil exploration in the Lake Albert Basin will be in 2019. The Permanent Secretary in the Ministry of Energy and Mineral Development, Robert Kasande, revealed this at the 4th Oil and Gas Convention ongoing in Kampala. Giving an update on …

Kampala, Uganda | THE INDEPENDENT | The roads to critical oil spots and installations will be in at least motorable state by the First Oil in 2020. This assurance has been given by UNRA’s Director of Design and Projects, Eng Isaac Wani, at the 4th Annual Oil and Gas Convention ongoing …

Washington, United States | AFP | Crude oil prices are expected to jump 23 percent this year amid strong economic growth, while metals prices are rising, hit by ongoing trade tensions, the World Bank said Tuesday. The World Bank raised its forecast for oil prices to an average of $65 a …

Uganda participates in the Berlin Energy Transition dialogue 2018 Berlin, Germany | THE INDEPENDENT | Energy and Mineral Development Minister Irene Muloni has called on potential investors from Germany to consider investing in Uganda’s well-regulated and highly liberalized economy. Muloni told investors that Uganda had now overcome the supply side and …

Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …

Tripoli, Libya | AFP | Fuel smuggling is costing Libya more than $750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said. “The impact of fuel smuggling is destroying the fabric of the country,” NOC president Mustafa Sanalla …

Kampala, Uganda | JULIUS BUSINGE | As Uganda makes steps towards getting first oil in 2020, insurance companies are working on mechanisms of partnering to share risks and benefits that will manifest. Speaking to journalists on the sidelines of a press conference on the upcoming oil and gas convention to be …

      Kampala, Uganda | JULIUS BUSINGE | Oil sector leaders are warming up to deliver new developments regarding oil and gas sector for Uganda next week. This will be at the 4th annual Oil and Gas Convention scheduled for April 25-26 at Kampala Serena Hotel, where hundreds of …

Kampala, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Consortium (AGRC) posted a commitment bond of USD 2 million (over 7.4 billion Shillings) before it signed the Project Framework Agreement with the government for the oil refinery. Emerging information from the Directorate of Petroleum at the Ministry of Energy indicates …