Uganda’s government should expect to earn $50 billion on behalf of its 35 million strong population from reserves already discovered over the lifetime of the oil fields, Tullow said – almost three years’ worth of its $17 billion gross domestic product (GDP). Asked where the oil money might go, the Commissioner for Uganda’s Petroleum
What drove government to consider Kabale as the ultimate site location for Uganda’s Oil Refinery
In the pursuit of the most suitable site location for an Oil Refinery we are told that Foster Wheeler the major researcher behind the efficacy of an Oil Refinery in Uganda evaluated three regions and identified six potential sites for the refinery as a result. The six sites that the Foster Wheeler report identified
Tullow prioritizes disclosure takes tighter stand against corruption
One of the major highlights that shine out of the just released Tullow Oil plc’s Corporate Responsibility Report 2012 is the emphasis on disclosure a development the company believes will go a long way in clearing the company’s corporate image in light of the various accusations of corruption that the company faced in 2012.
Report places value of East African Oil and Gas market at 4billion USD
According to the East African Oil and Gas Market 2013-2023 report, the market share available within the region for the next ten years has been estimated to stand at about 3.9billion USD. The report done by Visiongain gives the East African regional oil & gas market forecast from 2013 to 2023 for six countries
Why Uganda’s oil did not attract big investment deals in 2012
So, according to a survey by International tax firm Deloitte, Uganda accounted for fewer investment deals in East Africa in 2012. With the maze and craze that shrouds the oil industry; obviously Uganda’s oil was expected to be the biggest attraction for investment deals. But with the squabbles over various issues like the stabilization
Uganda, Madagascar take lead in commercial development of oil reserves in East Africa
The United States Energy Information Administration report on Emerging Oil and Gas Developments in East Africa has identified Uganda, Madagascar, Mozambique and Tanzania to have shown the most progress toward commercial development of the newly discovered resources of oil and gas in the East Africa region in recent years. According to the report, whereas
40 firms want stake in Uganda’s oil refinery
Over 40 firms have expressed interest in the construction and operation of a proposed $3.2b refinery project, the acting minister of energy and mineral development disclosed yesterday. Peter Lokeris said his ministry is now evaluating firms to establish their technical competence and their financial strength before a decision to award the contract is made.
UWA deploys 430 new rangers to protect wildlife from destructive oil activities
Over the last one year Uganda Wildlife Authority has trained and recruited 430 new rangers with the chief mandate of monitoring oil activities and fighting poaching in the gazetted areas of UWA. The President of Uganda, Yoweri Kaguta Museveni commissioned the youthful rangers in April 2013 following a four month training that they had undergone.
Why heat tracing would have been the most viable way of inhibiting wax in a Uganda crude pipeline
There are basically five ways to deal with waxy crudes such that there is assurance of flow of oil within the pipeline. The Foster Wheeler Report discusses the five ways that Uganda would have oted to take on if it had chosen to build a crude pipeline for its oil and the five methods
How the wax in the crude impedes the crude pipeline option for Uganda
In 2011, the government of Uganda undertook a feasibility study on building a Greenfield oil refinery which Swiss Engineering firm Foster Wheeler Energy Limited conducted. The study recommended that a refinery was commercially viable for Uganda given its benefits to citizens compared to building 1350 Km long crude export pipeline to Mombasa. The study further