Tag Archives: oil

Kampala, Uganda | THE INDEPENDENT | The High Court Civil Division has rejected findings and recommendations of the Parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that people who benefited from the SH 6 billion presidential oil handshake refund the money. The committee, which was led by Bugweri legislator …

Dubai, United Arab Emirates | AFP | Energy-addicted Gulf states must undertake much deeper reforms or risk seeing their wealth drain away in 15 years as global demand for oil slides, the IMF warned Thursday. “At the current fiscal stance, the region’s financial wealth could be depleted by 2034,” the International …

Masindi, Uganda | THE INDEPENDENT | At Nyamasonga village, Bugahya County in Hoima district, waste management firm EnviroServ seems to run by the script.  The G4S security guard at the gate reminds visitors to disinfect their hands and drive at 10 kilometres per hour once they enter. Inside, men in …

Lagos, Nigeria | AFP |  A Nigerian court on Thursday remanded a former justice minister accused of corruption in custody pending a bail hearing. Mohammed Adoke who appeared in the high court in the nation’s capital Abuja has been charged over a $1.3 billion dollar oil scandal involving international majors …

Kampala, Uganda | THE INDEPENDENT | Uganda’s oil sector is dominated by political interference, with many players forced to have the president’s say before making any important decisions, researchers have said. Writing a chapter in a recently published book on Uganda’s oil sector, Dr Badru Bukenya, an academic at Makerere …

FDI expected to be reached by April 2020 ANALYSIS | LIAM TAYLOR – Africa Business Magazine  | Oil deposits have sat beneath the shores of Lake Albert, in western Uganda, for millions of years. Since its discovery in 2006, plans to extract the oil, estimated at over 1bn recoverable barrels, …

  Kampala, Uganda | RONALD MUSOKE | Following a series of high-level meetings with President Yoweri Museveni and local business executives, Momar Nguer who recently led a business delegation of top French executives to Uganda declared the mission a success. The 25-member delegation recently traveled to Kampala under their MEDEF …

Kampala, Uganda | THE INDEPENDENT  |  Uganda Railways Corporation Central workshop in Nalukolongo, a Kampala suburb is being prepared to assist the government and Oil Companies in Oil and Gas electrical and welding activities. Dr Charles Kateeba, the Executive Director of Uganda Railways Corporation says the workshop has been equipped with …

Uganda woos new oil investors in Cape Town Kampala, Uganda | RONALD MUSOKE | Despite the current stalemate in the local oil and gas industry, the government remains optimistic that the joint venture oil companies involved in commercializing Uganda’s petroleum resources will reach a final investment decision before April, 2020. …

Lagos, Nigeria | AFP | In a move Nigeria’s president hailed as a “landmark moment”, Africa’s largest oil producer approved legislation this week to bolster its share of revenues from international majors. The authorities say the amendment — heralded as the biggest change in decades to its production sharing deals — will …