Tag Archives: oil

  Tehran, Iran | Xinhua | Iran will increase its oil production to pre-sanctions level “as soon as possible,” the country’s Minister of Oil Bijan Zanganeh said Friday, official news agency IRNA reported. “Whenever the sanctions are lifted, we will return to the market in the shortest possible time and …

Stanbic defies energy transition, promises to finance oil and gas developments Kampala, Uganda | THE INDEPENDENT | Stanbic Bank says it will give capital for oil and gas developments in Uganda. The bank’s stand comes amidst growing opposition against fossil fuels including oil and gas in favor of renewable energy. …

Kampala, Uganda | THE INDEPENDENT | Total E&P Uganda says it expects the first oil to be out of Uganda’s Albertine graben within 43 months effective from mid-May this year. Total Energies Uganda upstream project representative, Edirisa Kwizera is hopeful that unlike the past, the timeline to Uganda’s first oil will …

Hoima, Uganda | THE INDEPENDENT | The Energy Ministry has drawn a new roadmap for the second competitive oil bidding round for five blocks in the Albertine region. The five oil blocks along its western border with Congo and parts of the West Nile region have been on offer since …

Baghdad, Iraq | XINHUA |  Iraq’s Ministry of Oil said on Tuesday that the country exported 89.88 million barrels of crude oil in May, bringing in revenues of about 5.88 billion U.S. dollars. The average selling price for crude oil last month was 65.45 dollars per barrel, according to a …

Policy, righting wrongs and circumventing curses as oil presents huge opportunities and significant risks COMMENT | DENNIS JJUUKO | Uganda has signed a pipeline deal with Tanzania and Total to transport crude oil from Uganda’s Albertine region to Tanzania’s Tanga port for refining, but the secrecy that surrounds this $3.5 …

Dar es Salaam, Tanzania | THE INDEPENDENT & XINHUA |  Ugandan President Yoweri Museveni on Thursday said oil revenues must be invested in avenues that create jobs and wealth. The Ugandan president said since oil is an exhaustible resource, revenues from it should be used to build the infinite resources in …

Hoima, Uganda | THE INDEPENDENT |  As the long-awaited Host Government Agreement (HGA) was being signed between Uganda’s President Yoweri Museveni, Tanzania’s Samia Suluhu  and TOTAL in Dar es Salaam today, the French oil company commenced work on its Tilenga Industrial Area in Kasenyi, Buliisa District. It is here that TOTAL will build its …

Kampala, Uganda | THE INDEPENDENT |  Tanzania today signed an agreement to host the East African Crude Oil Pipeline with its lead investor Total.    The signing of the long-awaited Host Government Agreement(HGA) on Thursday was witnessed by President Yoweri Museveni and Samia Suluhu Hassan in Dar es Salaam.    The …

After years of delay, multinational oil development in Uganda looks set to go ahead, but will local suppliers be able to reap a fair share of the business? | LIAM TAYLOR | In the 1990s Edward Kabuchu and his brother were mining tungsten in western Uganda when they were approached …