Tag Archives: oil

By The Independent Team Interested company linked to bribery in Nigeria Plans to start refining Uganda’s oil may be delayed because of wrangling over new partners by the exploration companies, Heritage Oil and Tullow Oil. President Museveni in his New Year address to the nation on December 31, 2009, said …

  By Jocelyn Edwards The man who got Shs 250 billion from selling Uganda’s oil has a ‘deal with him at your own risk’ tag in financial circles The company that may have taken Uganda for a ride in the deals for one of its most valuable resources is headed …

By Ariel Rubin A scathing new report issued by the London-based environment and governance watchdog Platform has put government and oil companies under fire. Revealing for the first time one of the production sharing agreements (PSAs) between Heritage and the government, Platform’s analysis reveals that, contrary to oil company and …

By Andrew M. Mwenda On October 16, 2009, Oxford’s Prof. Paul Collier gave a talk at Serena Hotel in Kampala on the prospects of an oil windfall in Uganda. Unlike in most of his work, this time Collier did not focus on how the international community (read the West) can …

By The Independent Team On October 16th 2009, University of Oxford’s Prof. Paul Collier gave a talk at Serena Conference Centre in Kampala on the prospects of an oil windfall for Uganda. Below we produce a slightly edited version of his speech. Prof. Paul CollierA country’s competitiveness rest on two …

By Independent Reporter President Yoweri Museveni’s Independence Day announcement that Uganda is to build a mini-refinery for its recent but substantial oil finds has sparked a rush among oil producing companies. Discussions on accelerating the management and institutional capacities of new oil discoveries and gas-producing economies were high on the …

By Kayvan Farzaneh Growing interest in the oil sector has helped boost general confidence in Uganda’s wider economic prospects. The improved outlook rating could help Uganda access funds from international financial markets more cheaply. Last week, the international credit-ratings firm Fitch Ratings, for the first time, upgraded its opinion on …

Agencies In this article from Ratio Magazine, Andrea Bohnstedt speaks to Duncan Clarke, the Chairman and CEO of Global Pacific and Partners (GP&P), about Uganda’s emerging hydrocarbon sector, the creation of local refining capacity, and prospects for the sector in East Africa. Developments in Uganda’s petroleum sector have accelerated recently, …

By Patrick Kagenda Lead oil exploration firm, Tullow Oil Plc says it has nothing to hide.  But the government continues to hide the Production Sharing Agreements (PSAs) it has signed with Tullow and others. Why? Research shows that the more resources a country has, the fewer chances it has to …

By Patrick Kagenda The Independent’s Patrick Kagenda talked to Brian Glover, Tullow Oil’s Business Unit Manager for Uganda and East Africa. When is the Early Production Scheme (EPS) likely to begin? We are finalising details to put together an early power project in the Kaiso-Tonya area. Hopefully we shall have …