Uganda’s Finance Minister Matia Kasaija told the nation during budget reading that negotiations for the proposed oil refinery are expected to be complete by September 2016. It will at that stage spur the kickoff of Final Investment Decision (FID) by the lead investor. The agreements Uganda oil understands will include; The Project Framework Agreement between
Kenya Still at Crossroads on best Crude Oil export plan after flop of Deal with Uganda
Kenyan presidency said the nation is still at crossroads on the best option to transport it’s crude from the Turkana region to the port. Presidential spokesperson Manoah Esipisu said during a presser in Nairobi that “Our plans for the first oil extraction are on course and we are seized of the planning and implementing options on
Positive Impact of Nigeria Oil War? Cut in Production has resurrected Oil Market Prices
Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains. Brent crude futures LCOc1 rose as high as $50.10 but retreated to be up 38 cents or 0.7 percent at
Uganda appoints head of National Oil Company as Nation nears Commercial Production
Uganda announced the appointment of the chief executive of the National Oil Company in another step towards the implement the national local content policy. The Uganda National Oil Company (NOC) is established under the Petroleum (Exploration, Development and Production) Act 2013. Key of it’s mandated is to ensure an adequate, reliable and affordable supply of
Diversification Policy? Total acquires Major Oil and Gas installations in East Africa
French’s Total SA has acquired oil and gas installations in east Africa for an undisclosed amount, covering assets in Kenya, Uganda and Tanzania. The major acquisitions reportedly are in line with Total’s diversification policy, which focuses on building up logistics at a time when cost-profit equations have rendered extraction less attractive. The deal to acquire
Oil and Conflict: Nigeria President says Will Hold talks with Waring groups in Oil Producing region
Nigeria’s president on Sunday said he would hold talks with leaders in the oil-producing Delta region to address their grievances in a bid to stop a surge in pipeline attacks, but that an army crackdown would continue. People in the southern Delta region, where oil giants such as Royal Dutch Shell and Chevron operate, have
Chinese Giant CNOOC awards Over $8000 to Uganda Examination stars from Oil-rich Albertine Graben
Chinese firm China National Offshore Oil Corporation (CNOOC), rewarded 90 students in oil-rich Albertine graben for shining in last year’s national examinations. CNOOC is the major operators of Kingfisher oil well, located in Kyangwali Sub-county, Hoima district. The winners were are the best performing students in from across various lower education levels including; Primary Leaving
Here is Why Ugandans Must work together to fight the secrecy around Crude Oil Export Pipeline Project
By Dickens Kamugisha… Late last month, a decision on the route Uganda’s crude oil export pipeline will take was agreed upon between Uganda and Tanzania. However, given that the decision was made by the government without our participation as citizens, we must quickly come together to discuss the consequences of such secretive decisions. Available evidence
Infographics: Current situation in the Resettlement of Project Affected Persons in Uganda Oil Refinery
An official from the African Institute of Energy Governance (AFIEGO) said that the government of Uganda is failing to uphold the Resettlement Action Plan in the Oil refinery project. Doris Atwijukire said the delay in the implementation of the resettlement program has subjected over 130 families to dire need, without basic necessities. This came as a
Tanzanian College Opens Oil and gas Education Program in Preparation for Uganda Pipeline Potential
Tanzania College of Business Education (CBE) announced it will reform metrology program to include Oil and gas professional training in its bid to prepare citizenry to tap in the budding oil and gas sector. The East African nation is estimated to be sitting on total of about 60 trillion cubic feet (TCF) of recoverable natural