Tag Archives: oil

Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) has defended the registration of a branch in neighboring Kenya. A statement by the Company on Monday explained that it had to comply with regulations regarding the importation of petroleum products. “A certificate of incorporation issued in a country …

Kampala, Uganda | THE INDEPENDENT | Oil marketing companies (OMCs) under their umbrella body, the Sustainable Energies and Petroleum Association (SEPA) want the amendment of the Petroleum Supply Act to take into consideration a provision to allow them to import and supply special petroleum products. The association although in agreement with …

Rio de Janeiro, Brazil | Xinhua |  In a historic first, Brazil’s state-owned oil company Petrobras has succeeded in processing 100 percent soybean oil into biofuel, the company announced Wednesday. “The Riograndense Petroleum Refinery (RPR) has accomplished a historic achievement by successfully processing 100 percent soybean oil in a fluid …

Kampala, Uganda | THE INDEPENDENT | In the typical con artist meets investor that has become routine in Uganda, a Chinese tycoon was conned of billions of shilling in a scam where he was sold Uganda National Oil Company (UNOC) by some unscrupulous Ugandans. The Chinese investor ran to the government …

Sector players accuse government of granting the fuel importation monopoly to a Bahrain-based Company known as Vitol Bahrain E.C under the guise of strengthening UNOC Kampala, Uganda | THE INDEPENDENT | The Minister of Energy, Ruth Nankbirwa has tabled before parliament a bill to regulate the importation of petroleum products. …

Kampala, Uganda | THE INDEPENDENT | Former Finance Minister Prof Ezra Suruma is proposing a referendum to determine how the oil revenue should be utilized. According to Suruma, this is one of the ways Uganda can achieve social protection which involves preventing, managing, and overcoming situations such as poverty, poor …

Oil companies’ extravagant and reckless behavior evokes parallels with France’s Ancien Régime COMMENT | DICKENS KAMUGISHA | As a long-time advocate for human and environmental rights, I am terrified by the unprecedented frequency of extreme weather events. With each passing day, it becomes increasingly evident that we are in the midst …

Kampala, Uganda | THE INDEPENDENT | The oil and gas sector could suffer a setback following the expiry of the exploration licenses granted to Oranto Petroleum Limited (OPL). Oranto Petroleum has been operating in Uganda under two licenses for the Ngassa Shallow and Deep Play in Kikuube district in the …

Kampala, Uganda | THE INDEPENDENT | The Africa Development Bank has warned it is “a race with time” for Uganda to begin pumping its oil out of the ground or risk future losses. Edward Sennoga, Second Lead Economist for the AfDB’s East African office said there is an opportunity for …

Kampala, Uganda | THE INDEPENDENT | Petrol prices and global inflation are likely to tick higher again as the OPEC+ group of oil-producing countries will hold production at nine million barrels a day for the rest of the year. In Kampala, a liter of Diesel was at some pump station nearing …