Tag Archives: oil

Lessons for the rest of Uganda’s economy from the local content rules enforced in our oil sector THE LAST WORD | Andrew M. Mwenda | For over thirty years now, Uganda government generally and President Yoweri Museveni specifically, have promoted an open-door policy on Foreign Direct Investment. Foreign firms are given freedom to …

Kampala, Uganda | THE INDEPENDENT | The East African Crude Oil project is seeking a 1.8-billion-dollar debt for construction to take off. The project has been estimated to cost between $3.5 billion and $4 billion, of which 60 percent comprises debt raising and 40 percent equity. Energy and Minerals Development Minister, …

Kampala, Uganda | THE INDEPENDENT | Players in oil and gas have pleaded with the countries in the West not to starve Uganda and Africa of financing needed to get those resources out of the ground. The call has been sounded by the Energy and Mineral Development Minister, Ruth Nankabirwa, …

Kalangala, Uganda  | THE INDEPENDENT | The acute scarcity and high cost of seedlings are frustrating the anticipated expansion of the oil palm growing project in Kalangala district. With support from the government and International Fund for Agriculture Development-IFAD since the early 2000s, the communities in Kalangala undertook to grow …

Kampala, Uganda | THE INDEPENDENT | Africa must use its oil and gas resources to provide energy for 600 million of its population currently trapped in energy poverty. The call is by Dr. Omar Farouk Ibrahim, the Secretary-General of the African Petroleum Producers Organization (APO). Omar Farouk Ibrahim was the keynote …

Vladivostok, Russia | Xinhua | Russian President Vladimir Putin has authorized oil and oil product supplies to friendly countries under contracts signed before Feb. 1, according to a decree published on Friday. The decree, which takes effect from Friday, amended a previous one Putin signed at the end of last year …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has decided not to further tighten money circulation in the economy by maintaining the Central Bank Rate at 10 percent. This decision by the Monetary Policy Committee was based on the fact that inflation is starting to slow down from the …

Buliisa, Uganda | THE INDEPENDENT |  Fred Balikenda, of Kirama Village, Kigwera Sub-county in Buliisa District is determined to die for his land unless the government and TotalEnergies pay him Sh200 million for his house and his pigs that reportedly starved to death. Balikenda is one of the nine Project …

Lessons for Uganda’s policy-makers from the experience of her oil industry THE LAST WORD | Andrew M. Mwenda | I spent this week in Hoima (Kingfisher) and Bulisa-Bugungu visiting construction works on oil rigs and central processing facilities in the Albertine Graben. I was greatly impressed by the work that Petroleum Authority Uganda …

Patrick Pouyanne says in Uganda and elsewhere, TotalEnergies will focus on investments in low-cost and low-carbon assets. Kampala, Uganda | THE INDEPENDENT | The French oil major TotalEnergies has affirmed its total commitment to extract Uganda’s oil despite concerns by climate activists. The company has been under intense pressure to …