Kampala, Uganda | THE INDEPENDENT | Two years since Uganda joined the Extractives Industry Transparency Initiative (EITI) it is yet to meet one of the most critical provisions of the initiative, that is disclosure of details of Production Sharing Agreements. EITI is an international initiative aimed at enhancing transparency in …
Read More »Escalating prices of vegetable oil, soap
Support Small Holder Farmers to grow oil seeds such as sesame, soya bean, and sunflower to increase production of the same COMMENT | WALTER AKENA | As the country grapples with rising prices of essential commodities, in particular prices of cooking oil, and laundry soaps, several factors have been advanced …
Read More »Oil and gas land acquisitions near completion
CNOOC’s work at the Kingfisher Development Area stand at less than 10 percent ahead of commercial oil production in 2025 | THE INDEPENDENT | Land acquisition a head of oil and gas developments in the Albertine region stands at 99%, according to the oil companies. But some of the land …
Read More »Kabaale Airport to open up trade in the oil region
The country’s second airport is at 80% completion as the country seeks to boost growth and development in south western region Kampala, Uganda | THE INDEPENDENT | Uganda’s second largest international airport is set to open up trade and investment opportunities in the oil region upon completion. The Hoima-based airport …
Read More »Tullow to stand with Africa on oil and gas investments
London, UK | THE INDEPENDENT | Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent. The Anglo-Irish Oil and gas operator has over 30 licenses across eight countries in Africa and South America. It was once the lead investor in …
Read More »USAID: Oil will not help Uganda if corruption remains high
Kampala, Uganda | THE INDEPENDENT | The United States Agency for International Development-(USAID) has raised concern over corruption in the country, saying that if the vice isn’t fought, the long anticipated oil money may not benefit the country. Richard Nelson, the USAID Country Director told a meeting organized by the Inspectorate …
Read More »Parliament committed to fostering oil production
Kakumiro, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa has promised unwavering support from the legislative arm of government towards the production of oil. Tayebwa made these remarks at the belated Women’s Day celebrations hosted by the Prime Minister, Robinah Nabbanja on Friday, 20 May 2022 at the …
Read More »Venezuela confirms U.S. decision to ease oil sanctions
Caracas, Venezuela | Xinhua | Venezuela confirmed a decision by the United States to ease oil sanctions, calling for a total lifting of the U.S. sanctions on the South American country. “The Bolivarian Government of Venezuela has verified and confirmed the news … that the United States of America has …
Read More »EACOP: 41% of pipeline affected persons fully compensated
Hoima, Uganda | THE INDEPENDENT | At least 41 percent of the Project affected persons-PAPs under the East African Crude Oil pipeline-EACOP project have been fully compensated in Uganda. There are 3,648 project affected persons-PAPs under the EACOP project in Uganda. The 1,443km crude oil export pipeline will transport Uganda’s crude …
Read More »Portuguese govt announces measure to cap gas price
Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …
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