Kenya’s oil ambitions received a boost after the government reached a revenue-sharing deal with the Turkana local government and community where the lucrative oilfields are located. But the road to first oil and sustained production remains fraught with political uncertainty and volatility as some within the local community still remain unconvinced. Kenyan President Uhuru Kenyatta
Oil workers under the auspices of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have rejected the Service Level Agreement (SLA) in Petroleum Industry Bill (PIB). They described the agreement reached between the Nigerian Content Development and Monitoring Board (NCDMB) and
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged the Federal Government to remove Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) also called cooking gas. Its President, Nosa Ogieva-Okunbor, told reporters in Lagos that VAT payment on locally processed LPG makes it expensive and unattractive to imported LPG, which
Iraq exported more than 100 million barrels of oil during the month of April, the oil ministry said on Wednesday, noting that revenues exceeded USD6.5 billion. Ministry spokesman, Assem Jihad, quoting a final statistic by the state-run oil marketing company, SOMO, said exports stood at 100.197.197 barrels during the month of April, yielding revenues of
Uganda signed an agreement with an international consortium of energy industry investors to build a long-delayed oil refinery, according to an official statement. The consortium — a partnership of four Italian and Mauritian companies including Nuovo Pignone International owned by US-giant General Electric — agreed to build and operate the refinery near Hoima on the
Magufuli said this while on a three-day state visit to Uganda Tanzanian President John Magufuli on Thursday called for a speedy execution of the 1,445-kilometer East African Crude Oil Pipeline (EACOP) project running from Hoima, in mid-western Uganda to Tanzania’s Indian Ocean port of Tanga. Addressing a public rally in Ruzingwa Village in Uganda, Magufuli
Despite the enormous natural riches that pass them by, locals say they have not shared in the explosion of wealth that black gold has brought to Nigeria. ENVIRONMENT The people of Belema village can only be reached after a three-hour journey aboard a rickety makeshift speedboat from the nearest major town. For 37 years their
Kampala — A group of Chinese companies have shown interest in partnering with Ugandan businesses to participate in developing the oil and gas sector of in Uganda. According to the Daily Monitor Newspaper, Speaking during a recent oil and gas conference hosted by Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of
Uganda and Equatorial Guinea have agreed on an action plan for implementing a Memorandum of Understanding on Cooperation in the field of oil and gas. This was during President Yoweri Museveni’s four-day state visit to the country that has ended today. According to a joint communiqué by the president Museveni and his host H.E Teodre
Retired former principle judge of the High Court, Justice James Ogoola, has warned government against excluding communities in the oil region during the implementation of the East Africa Crude oil project. “In this day and age, we need not to repeat past mistakes. We must beget a humane and balanced transformation. Any development that excludes