Tag Archives: oil

Rabat, Morocco | AFP |  French President Emmanuel Macron was in Morocco Wednesday on a 24-hour visit for talks on battling terrorism as well as the Libyan conflict and Qatar’s dispute with its Gulf neighbours. As he stepped off the plane for his first visit to Morocco since his election …

  Ugandan firms in fight against foreigners Uganda’s nascent oil and gas sector is entering an intense three-year development phase, or what everyone is calling phase II since it follows phase one of exploration. As excitement builds, so does anxiety. “I hope to approach this phase differently.  It is much …

The top stories In the Independent this week :  COVER STORY Pipeline politics: Behind Museveni, Kenyatta, Magufuli moves in US$ 3.5bn deal. INFRASTRUCTURE Deal on US$2.3bn Standard Gauge Rail near: Kenya-Uganda in final discussions with Chinese bank. THE LAST WORD Will liberty take root in Africa?: Number of elected presidents …

Fuel distributor, Vivo Energy Uganda, has hired a new managing director, Gilbert Assi, to replace Hans Paulsen who has been at the helm of the company over the  past three years. Paulsen has been promoted to a senior role in the company, working across all countries in Africa where it …

Why EACOP Hoima-Tanga oil pipeline pact is a landmark for Uganda and Tanzania Kampala, Uganda | UG MIN EMD |  The Governments of Uganda and of Tanzania have today signed the Inter Governmental Agreement (IGA) for the East African Crude Oil Pipeline (EACOP) Project. The IGA was signed by Uganda’s Eng. …

Ugandan ministers have today signed the East African Crude Oil Pipeline Inter-Governmental Agreement (EACOPIGA) after leaders of the two nation’s agreed last week that  all is set for construction to start. “This signing is landmark occasion after several months of negotiations,” said Ministry of Energy Permanent Secretary Stephen Isebalij, adding “the pipeline …

Australia| FINANCIAL REVIEW| No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we have known …

  Push for regional logistics hub status is `selfish’ says Museveni Uganda is grappling with a logistical nightmare of importing tonnes of machinery for its nascent oil industry but, in a classic move of seizing opportunity in a crisis, operators are seeking to turn the country into an East African …

Presidents Yoweri Museveni and John Pombe Magufuli have signed a pact expressing their intent to go ahead with the construction of a oil pipeline from Uganda to Tanzania. The two leaders on Sunday signed a communique agreeing to start construction of the East African Crude Oil pipeline (EACOP) project that is …

  Nigerian economy glimpses dim light at end of tunnel Lagos, Nigeria | AFP |  Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history. But for the first time in months, the West African economic giant …