Tag Archives: oil

But the economy is expected to rebound in the subsequent year if oil exports resume, offering a potential path to recovery. Juba, South Sudan | THE INDEPENDENT | Oil rich South Sudan’s economy is projected to contract by 30% in the Financial Year 2024/25 that ends in June due to disruptions …

KIKUUBE, Uganda | Xinhua | On an escarpment overlooking the Chinese-operated oil field in Uganda’s western district of Kikuube, 30 students sat with paintbrushes and canvases, envisioning a future where nature, heritage, and modernization coexist. Under the shade of trees shielding them from the blazing sun of the Great Rift …

Dar es Salaam, Uganda | THE INDEPENDENT | While government has decided that expected oil and gas revenues will be reserved in a Petroleum Fund for infrastructure development, experts from across Africa have urged extra caution. The Petroleum Fund was part of the outcome of a benchmarking exercise in Norway at the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s energy sector is experiencing exceptional growth, fueled by significant oil and gas projects and a surge in renewable energy initiatives. To further propel this momentum, the Uganda Chamber of Energy and Minerals (UCEM) announced the Energy Convention 2025, a premier event next month …

Kigali, Rwanda | THE INDEPENDENT | The Appellate Division of the East African Court of Justice (EACJ) will, on February 24, 2025, hear an appeal filed by four East African civil society organisations (CSOs) seeking to reverse a judgment made by the First Instance Division of the EACJ. The case …

KAMPALA, UGANDA | THE INDEPENDENT | The East African Crude Oil Pipeline (EACOP) Ltd, and Kyambogo University, have signed a Memorandum of Understanding (MoU) to provide specialized training in oil and gas. The MoU aims to establish a framework for collaboration between the two parties, supporting the realization of National Content …

Kamanzi: Our Lake Kivu is deeper than other lakes in the region, so we might have more oil than our neighbors Kigali, Rwanda | TAARIFA |  The Rwanda Mines, Petroleum, and Gas Board (RMB) has announced the discovery of 13 oil wells in Lake Kivu, marking a significant step in …

Growth in oil, gas, and mining drives economic ambitions amid global and regional opportunities Kampala, Uganda | JULIUS BUSINGE | This year, Uganda’s extractive sector is on the cusp of significant growth and transformation, fueled by both regional and global dynamics. Spanning oil, gas, and mining, the sector is set to …

But more money still missing, says Uganda’s third EITI report COVER STORY | RONALD MUSOKE | The value of Uganda’s mineral production has jumped from Shs 19.92 billion in 2020/2021 to Shs 202 billion in 2021/22. That is one of the findings from the country’s third report of the Extractive Industries Transparency …

  Tanga, Tanzania | THE INDEPENDENT | Officials based at Uganda’s High Commission in Tanzania toured oil export terminals being constructed in Tanga as part of the East Africa Crude Oil Pipeline. Led by Ambassador (Rtd.) Col. Fred Mwesigye, the delegation that included teams from the Petroleum Authority of Uganda …