No more begging for foreign financing that only would be awarded if we abandon fossil fuels COMMENT | NJ AYUK | For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry. To …
Read More »
Dar es Salaam, Tanzania | THE INDEPENDENT | President Yoweri Museveni has told business leaders at the Tanzania-Uganda Oil and Gas Symposium in Dar es Salaam that the region’s survival will depend on how fast they can push for integration. “You really need to work with the political class to unequivocally support …
Read More »
Museveni: Petroleum important for 40 more years despite war by conservationists Dar es Salaam, Tanzania | THE INDEPENDENT | The private sector, specifically those in businesses relating to the oil and gas industry, want the governments of Uganda and Tanzania to lift some national laws that hinder companies from trading …
Read More »
Local firms need to enhance their capital base and strengthen corporate governance to benefit from the nascent sector Kampala, Uganda | JULIUS BUSINGE | Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and …
Read More »
Oil and gas represent one major source of Libya’s revenue Tripoli, Libya | Xinhua | Libya is seeking to increase oil and gas production in the country over the next five years, Minister of Gas and Oil Mohamed Aoun said on Monday. “We plan to increase oil production to 2.1 million …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has defended petroleum distribution companies in Uganda against accusations that they are overcharging motorists for fuel products. The ministry says that it is still convinced that the fuel product distributors are well within acceptable margins, but that …
Read More »
Kampala, Uganda | THE INDEPENDENT | China National Offshore Oil Corporation (CNOOC) has finally closed the long-awaited Final Investment Decision (FID) for the development of Uganda’s oil and gas projects in the Albertine. Energy and Mineral Development Minister, Ruth Nankabirwa stated that the Chinese confirmed that they have authorized an FID …
Read More »
Algiers, Algeria | Xinhua | Algerian President Abdelmadjid Tebboune decided on Sunday to stop natural gas exports to Spain through Morocco, the official APS news agency reported. The presidency announced in a statement that Tebboune ordered the state-owned energy company Sonatrach to stop commercial relationship with Morocco and not to …
Read More »
Kampala, Uganda | THE INDEPENDENT | Six staff of Africa Institute for Energy Governance (AFIEGO) are currently detained at Kira Police Station. They include Dickens Kamugisha, the Chief Executive Officer, Rachael Amongin, the Assistant Communications Officer and Catherine Twongyeirwe, Finance and AdminIstration Assistant. Also Mercy Nuwamanya, a Front desk officer, …
Read More »
COMMENT | Joseph Mukasa Ngubwagye | The last lap to oil production is upon us. Indeed, if the government’s prediction is anything to go by, the first drop of oil is expected out of the ground in 2025. It has been a long journey since 2006 when commercially viable quantities were …
Read More »
The Independent Uganda: You get the Truth we Pay the Price