The Nigerian National Petroleum Corporation (NNPC) would begin retailing of petroleum products across markets in the Economic Community of West African States (ECOWAS) in the next two years. NNPC Group Managing Director, Maikanti Baru, who rebranded key downstream subsidiaries of the group yesterday, in Abuja, said the company would own 30 per cent market share
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
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
UK – UGANDA – International development organisation Transaid has launched a nationwide appeal to find a second-hand tractor unit and trailer to support its new driver training project in Uganda. Transaid urgently requires an artic combination to bolster its training fleet from early 2018, and is calling on manufacturers, dealers, used vehicle retailers and operators
As Uganda fast-tracks the start of its commercial production of oil, the country is looking at China to access credit. Chinese financiers, entrepreneurs, and their Ugandan counterparts on Friday held an oil and gas conference to discuss partnership opportunities in the country’s nascent sector, whose first oil is expected by the end of 2020. The
UK firm Tullow Oil one of Uganda’s major oil and gas exploration firms has launched its oil exploration into Zambian territory as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Apart from Uganda’s Oil and Gas exploration, Tullow Oil is undertaking similar projects in other countries such as
Over 585 kilometers of roads in the oil regions have been earmarked for upgrading by government in the next 3 years. According to the National Infrastructure Development Programme by the Uganda National Roads (UNRA) presented recently during the 5TH Certified Public Accountants Forum. It was organised by Institute of Certified Public Accountants of Uganda (ICPAU)
Uganda’s oil and gas industry has last week got a boost by unveiling the first ever National Suppliers Database of more than 290 approved firms to supply goods and services. According to the Independent Newspaper, The companies can now be accessed on the Petroleum Authority of Uganda’s website www.pau.go.ug. The move is in fulfillment of
French oil major Total SA, a key operator in Uganda’s leading oil projects said it would further cut investment and costs on its operations to retain profitability as it continues to counter the oil-price collapse. Patrick Pouyanné, Total’s chief executive, told investors and analysts he will pursue the strategy that has kept the company in the
Niger Delta Petroleum Resources Ltd is a wholly owned subsidiary of Niger Delta Exploration & Production Plc (NDEP). NDEP is a publicly owned, integrated Independent Oil and Gas focused Investment Company, with a range of assets Niger Delta Exploration & Production Plc (NDEP) is Nigeria’s first integrated oil and gas investment company. Founding Chairman, Late Chief