Tanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors. The decision was reached during talks between Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni, in Kampala on Thursday, Magufuli’s office said in a statement
Stanbic Bank eyes Financing Uganda Oil and Gas Industry Players—Papers
Stanbic Bank, one of the lead players of Uganda’s banking sector says is planning to rolled out specific financial services targeting the oil and gas industry, Daily Monitor reports. While officially opening a new branch in the oil-rich Hoima, the banks Executive Director Kevin Wingfield said Stanbic Bank has prioritized the oil and gas industry
Nigeria: Blast Hits One of Major Oil Pipelines in Nigeria
A blast on Tuesday rocked a pipeline operated by Nigeria’s state-run oil firm that feeds the Forcados terminal in the southern Niger Delta energy hub, a spokesman for Nigerian National Petroleum Corp (NNPC) said. The explosion occurred while the pipeline was being repaired following an attack last week, NNPC spokesman Garba Deen Muhammad said. A
DR Congo Steps up bid to Join Uganda Oil Pipeline Project, Sends Delegation to Tanzania
Democratic Republic of Congo (DRC) sent a delegation to Tanzania to negotiate a joint oil exploration deal in lake Tanganyika and also lobby its entry into the Uganda-Tanzania oil pipeline project. Local media in Tanzania reported that the Congolese delegation is led by oil minister, Aime Mgoi Mukena Lusaduese and has held talks with senior
Energy Minister Irene Muloni Says Total Has Accepted to buy 10% Stake in Uganda Oil Refinery
French oil giant Total SA, one of the leading players in Uganda’s oil fields, agreed to take a 10 percent stake the proposed oil refinery project, Energy Minister Irene Muloni said. Negotiations with a group of investors led by RT GlobalResources LLC, a unit of Rostec State Corp. of Russia, on the construction of the
Uganda, Tanzania Agree on Technical and Fiscal Framework of the Joint Pipeline Project
Energy officials from Uganda and Tanzania agreed on the technical and fiscal work plan in fast-tracking of the joint crude oil export pipeline project. The Joint Pipeline Development Committee (JPDC) and project steering committee from both countries met to in Tanzania to haggle and strike a common position on the project schedule and workout modalities
New Report by Business Research Firm Gives Fresh Perspective on Uganda’s Oil Sector
Global Business research firm, Research and Markets announced an addition to its report on the future and the business beauty of Uganda’s oil sector. Titled “The Future of Uganda Oil Markets, Investments, Projects and Companies to 2025- Exploration, Oil Production, Oil and Product Pipelines, Storage, Refineries and Supply Demand”, the report identifies key trends and drivers of Uganda
Kenya to Begin exploration of Prospective Oil and gas blocks in Lamu in March 2017
Prospective Oil and gas blocks eyed in Kenya’s Lamu, Northeast of the coastal city of Mombasa are expected to be explored in March next year. Geophysical surveys done by Zarara Oil and Gas Company in 2013 through a 400 kilometers stretch in Lamu East confirmed that the area had oil and gas. The surveys were
Tanzania to Put up $200 million Gas Facility for Large-scale industries and Households
A Tanzanian official says the nation is working to put up a 150-200 million US dollars mega plant to facilitate the transportation of the natural gas to large-scale industries and households. The Tanzania Petroleum Development Corporation (TPDC) Acting Managing Director, Engineer Kapuulya Musomba, said that the regions which will benefit from the new project include
Uganda National Oil Company Receives International Recognition
The newly established Uganda National Oil Company received an international recognition at International Oil and Gas summit in South Africa. The company’s Chief Executive officer Josephine Wapakabulo said “UNOC has a very specific mandate and role to play in the setup, growth and development of the Ugandan oil industry. Winning this award indicates we are