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
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
Uganda has so far discovered 6.5 billion barrels of oil resources in 40% of the explored area in the Albertine graben. OIL PRODUCTION The government has set up a resettlement planning committee for persons affected by the oil industrial area to be established in Buliisa district. The oil companies – Total E&P and Tullow –
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