Presidents Yoweri Museveni and John Pombe Magufuli have signed a pact expressing their intent to go ahead with the construction of a oil pipeline from Uganda to Tanzania. The two leaders on Sunday signed a communique agreeing to start construction of the East African Crude Oil pipeline (EACOP) project that is …
Read More »
Nigerian economy glimpses dim light at end of tunnel Lagos, Nigeria | AFP | Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history. But for the first time in months, the West African economic giant …
Read More »
Abuja, Nigeria | AFP | Italian oil group Eni’s Nigerian subsidiary Agip is planning a 150,000-barrel per day refinery as part of efforts to reduce imports, junior oil minister Emmanuel Ibe Kachikwu said. Kachikwu met representatives from Eni and said agreement had been reached to build the facility in the …
Read More »
Kampala, Uganda | PWATCHUG| Former Energy Minister, Syda Bbumba has feigned ignorance of the content in an oil production sharing agreement that led to a $157 million tax waiver to Tullow Oil Company. Bbumba is in the eye of the storm after President Yoweri Museveni, while meeting legislators on the …
Read More »
President Yoweri Museveni sought to deflect the blame and criticism aimed at him over a cash bonus given out to government officials who played a part in Uganda’s victory in international arbitration against oil companies. In a closed door session at State House Entebbe with parliamentary probe committee on the …
Read More »
Palma, Mozambique | AFP | The small, palm-fringed fishing town of Palma was meant to become a symbol of Mozambique’s glittering future, transformed by one of the world’s largest liquefied natural gas projects. But construction has fallen far behind schedule and the town’s fate is uncertain after gas prices fell …
Read More »
Lokichar, Kenya | AFP | Kenya plans to export its first oil in June, but analysts say the test phase faces major challenges and appears motivated primarily by political considerations just months ahead of elections. British company Tullow announced the discovery of oil in Kenya in March 2012, when prices …
Read More »
The Democratic Republic of Congo and Rwanda have signed a five-year joint exploration agreement for oil under Lake Kivu. The agreement follows a similar one between Tanzanian President John Pombe Magufuli and Congolese President Joseph Kabila in 2016. The two leaders signed a memorandum of understanding to jointly explore the …
Read More »
JOB TITLE: GENERAL MANAGER REPORTS TO: Board of Director of NPC (U) Ltd Deadline: May 12, 2017 Job description The General Manager (GM) will be the overall in charge of the administration of the National Pipeline Company (U) Ltd and is also the Accounting Officer of the Company. He/She will …
Read More »
Tripoli, Libya | AFP | Libya’s oil production, the country’s main source of revenue, rose Monday to more than 760,000 barrels per day for the first time since 2014, the National Oil Corporation said. Oil is Libya’s main natural resource, with reserves estimated at 48 billion barrels, the largest in …
Read More »
The Independent Uganda: You get the Truth we Pay the Price