The sagging of Global oil prices have lead to a larger drop in Africa’s share of global oil production from 10.1% to 9.6% of the world’s total in the last year, a multinational professional services network, PWC has indicated in latest research . In a report titled: From Fragile to Agile, Africa Oil and gas
Find details of ‘Kenya Oil and Gas Strategic Analysis and Outlook to 2025’ report
International business research firm, Market Research Store, the leading research and consulting service providers for the oil and gas industry, has provided details about Kenya oil and gas sector giving projections of the country’s budding industry in a recently published report. The report titled “Kenya Oil and Gas Strategic Analysis and Outlook to 2025″. provides
Tanzania new Oil law seeks to strengthen state control in Oil sector
Tanzania’s new Oil and gas law, The Petroleum Act 2015, currently awaiting debate in National assembly highlights a number of provisions aimed at giving state an upper hand in the Oil and gas sector. The bill was presented by the government in pursuit of giving a legal and regulation framework to the country’s budding oil sector.
African Development Bank advise Uganda and Tanzania on oil revenue management
The African Development Bank has given fresh policy contributions and advice to new Oil producers on how to leverage oil, minerals and gas resources to improve human development and progress. The report that comes on a backdrop of research on national development policy frameworks in Africa, targets mainly East African states of Uganda, Kenya and
World Bank asks Uganda to set sectors for the Oil and gas proceeds
The World Bank has asked the government of Uganda to prepare all sectors of the economy in order to tap the gains that come with the growth of the Oil and gas industry. The recommendations are entailed in a paper published by the Bank. The report aims at providing policy recommendations and strategies on key
Uganda parliament finds gaps in land compensation of the oil refinery construction project
As the government of Uganda plans to implement its decision to construct an Oil refinery to boost commercial gains in the budding Oil and Gas (O&G) sector, a parliamentary committee on natural resources has discovered gaps in the compensation and resettlement of people likely to be affected by the project. The Government identified 29 square
Oil prices drop in latest market shocker
The Oil market has registered a fall in Crude prices reportedly arising from oversupply, causing shock especially in the latest and prospective African Oil producers. Crude has registered a fall of a bout 65% according to market readers causing panic among dealers especially at a time when multinationals and other suppliers are employing measures to
MPs task government to clear anomalies in the Oil and Gas sector
Members of parliament on the Committee on Natural Resources have asked government to prioritize the compensation and resettlement exercise of Project Affect Persons (PAPs) in the refinery and pipeline development project before kickoff. In a report on the Ministerial Policy Statement and Budget Estimates for financial 2015/16, the committee notes that government has already established
Will Capital and Institutional investment in Oil and gas solve our economic woes
A World Bank pledge of a $ 600 million injection into the Uganda-Kenya gas pipeline construction deal went to the annals of history as among the major oil infrastructure investments in the region. As states in the East African Community (EAC) bloc move to tackle major economic challenges a head of integration, the oil and
Uganda’s unending oil tax disputes: will URA survive another Total Disaster
[dropcap]T[/dropcap]he tax dispute between Total E&P Uganda is just another in a series of Tax Disputes that the Uganda Revenue Authority has had to deal with in the past 5 years. The good news is that so far Uganda’s Tax body has always come out victorious and most remarkably in the Heritage case in which