Government intends to secure finances from the domestic market for the oil pipeline project Kampala, Uganda | THE INDEPENDENT | High hurdles still stand in the way to the Final Investment Decision that will see the country’s first oil come out of the ground for the crude to be transported to …
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Total pledges to limit footprint but conservationists want disaster fund Kampala, Uganda | RONALD MUSOKE | French oil giant, Total, which is finalizing crude oil production and export infrastructure in Uganda’s oldest conservancy and top tourist destination, Murchison Falls National Park, has unveiled plans to minimize environmental damage. In a …
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Dar es Salaam, Tanzania | THE INDEPENDENT) | The construction of the $3.5 billion East African Crude Oil Pipeline (Eacop) is scheduled to start next month, Tanzanian newspaper The Citizen has reported today. Quoting Tanzania’s Foreign Affairs minister Palamagamba Kabudi, , Foreign Affairs minister Palamagamba Kabudi, The Citizen said the decision was confirmed last …
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Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) revised down its forecast of global oil demand for 2021, predicting a year-on-year expansion of 5.8 million barrels per day (b/d) in its monthly report published on Thursday. This is about 0.1 million b/d lower than last month’s …
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Buliisa, Uganda | THE INDEPENDENT | Families affected by the construction of the Tilenga Central Processing Facility in Buliisa district has finally received houses as part of their relocation package, thanks to Total E&P. Up to 623 persons in Kasenyi village were affected when the government acquired 320-hectares of land in …
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Hoima, Uganda | THE INDEPENDENT | Uganda is optimistic that the Final Investment Decision-FID on the commercial oil and gas production will be made in the first months of this year to pave way for the construction of the final structures in the sector. These will include the oil …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Energy and Mineral development Mary Goretti Kitutu has disclosed that the Final Investment Decision (FID) for oil production will be taken before the end of March 2021. Kitutu made the disclosure during an interface with the Parliamentary committee on Natural Resources on Wednesday …
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On Nov.10, Tullow Oil plc announced the completion of the sale of its assets in Uganda to French super major, Total. The US$ 575 million (Shs 2.15trillion) deal finally brought Tullow Oil’s 16-year involvement in Uganda’s oil project to an end. Kampala, Uganda | RONALD MUSOKE | When Tullow entered …
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Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Digging for oil: Tullow’s 16-year acrimonious relationship with Uganda ends THE LAST WORD On Uganda’s election violence: How the president,the security services and the opposition are beneficiaries of this political pathology COMMENT Why …
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NEWS ANALYSIS | THE INDEPENDENT | Uganda is expected to get USD 14.6 million (about sh55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company TOTAL SE. The long-drawn-out process of Tullow Oil exiting Uganda …
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