Kampala, Uganda | THE INDEPENDENT | Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Joseph Ssewungu had called the ministers but none …
Read More »Development of Kampala storage terminal hangs in balance
Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company-UNOC has said the search for a venture partner is delaying the development of Kampala Storage Terminal-KST, a reservoir aimed at reducing fuel shortages that usually lead to abnormal increase in petroleum products. Peter Muliisa, the UNOC’s Chief Legal and Corporate …
Read More »Ballore wins logistics contract for EACOP
Local firms in Uganda and Tanzania will be subcontracted to offer support | THE INDEPENDENT | French firm, Ballore Transport and Logistics, will be the Main Logistics Contractor (MLC) for the East African Crude Oil Pipeline (EACOP) project head of oil production in 2025. The firm said on May.09 …
Read More »‘Pace of Uganda’s critical oil and gas infrastructure impressive’
Oil projects expected to spur other sectors of the economy Kampala, Uganda | RONALD MUSOKE | The government is impressed by the pace at which the critical infrastructure necessary for oil production that is now scheduled for the first quarter of 2025 is moving, said Ramathan Ggoobi, the Permanent Secretary …
Read More »Equity signs MoU with Uganda National Oil Company
| THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU include; …
Read More »Give UNOC Sh914 billion, Auditor General
Hoima, Uganda | THE INDEPENDENT | The Auditor General John Muwanga has urged adequate capitalization of the Uganda National Oil Company (UNOC) and its subsidiary companies to enable government commercial participation in the strategic oil and gas sector. According to Muwanga’s new audit report for financial year 2020/2021, a total …
Read More »IN THE INDEPENDENT: The $10billion Uganda oil project
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY TotalEnergies, CNOOC sign off US$10bn Uganda oil project: First oil expected in 2025 THE LAST WORD America’s reckless bullying: How Washington’s disregard of Russia’s security concerns risks war over a misguided obsession with …
Read More »Parliament wants national oil firm joint venture terminated
Kampala, Uganda | THE INDEPENDENT | Parliament has recommended for termination of the joint venture agreement between a consortium of three companies and the Uganda National Oil Company (UNOC). This follows adoption of the report of the Committee on Trade, Tourism and Industry during plenary of Thursday, 03 February 2022, which recommended …
Read More »Museveni urges oil companies to commit to getting oil flowing in 2025
Kampala, Uganda | THE INDEPENDENT | “D-Day means Day of Departure, and to us, its day of departure to work.” This is what the announcement of the Final Investment Decision on Tuesday means for the oil and gas joint venture companies, according to Total Energies Chairman and Chief Executive Patrick Pouyanné. …
Read More »Rising fuel prices
Did URA, Ministry of Health cause it? Kampala, Uganda | IAN KATUSIIME | An unreasonable testing protocol, greed and an unresponsive government to popular needs has seen Ugandans treated to the worst of January blues with fuel prices going as high up as UgShs10, 000 for a litre. The prices …
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