| THE INDEPENDENT | Equity Bank Uganda and the Uganda National Oil Company on April.13 signed a Memorandum of Understanding to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for medium and small enterprises. The areas covered in the MoU include; …
Read More »Gov’t will not determine retail price of fuel – Regulator
Hoima, Uganda | THE INDEPENDENT | The prices of fuel products in Uganda will be determined by the market forces of demand and supply even when the country starts producing its own petrol, diesel and kerosene or others. How much Ugandans buy petroleum products will, therefore, depend on what is happening …
Read More »Uganda develops oil spill contingency plan
The east African nation hopes to start oil production in 2025 Kampala, Uganda | RONALD MUSOKE | Uganda finally launched its national oil spill contingency plan, detailing its preparedness to respond in the event of an oil spill. The East African nation hopes to produce its first oil in the …
Read More »PAU, Stanbic Incubator to build capacity of SMEs in oil sector
Mentorship, access to finance and markets are on offer | THE INDEPENDENT | There are more opportunities that are being availed to small and medium enterprises as Uganda expects to have first oil in 2025. The Petroleum Authority of Uganda on Feb. 22 entered a partnership agreement with Stanbic Business …
Read More »Government, investors doing little to avert oil curse: Report
Kampala, Uganda | THE INDEPENDENT | Bad land tenure systems, bad economic situation and corruption are abetting human rights violations in the areas where mining and oil and gas sector activities are happening, according to recent studies. These include environmental rights, child rights, access to property and information, and the right …
Read More »Petroleum Authority, Stanbic Incubator sign SME contract
Kampala, Uganda | THE INDEPENDENT | Petroleum Authority of Uganda (PAU) has entered a partnership with Stanbic Business Incubator Limited (SBIL) and other partners to build the capacity of over 200 Ugandan enterprises along the export crude oil pipeline route to compete for contracts to supply Uganda’s oil and gas sector. The …
Read More »Focus turns to food and housing needs as L. Albert Oil Project gathers pace
Kampala, Uganda | RONALD MUSOKE | As the construction phase of the L. Albert Oil Development Project gathers pace, focus has now turned to how best local entrepreneurs in the agriculture and housing sectors can maximise opportunities the oil industry is attracting into Uganda. Two studies were launched on Feb. …
Read More »‘Refinery delay will not halt Uganda’s march to first oil’
The oil refinery, one of the four flagship projects needed to commercialize Uganda’s 1.4bn barrels of oil appears to be lagging behind but government technocrats say the project will not deter the country’s march towards first oil scheduled for 2025. Kampala, Uganda | RONALD MUSOKE | The refinery set to …
Read More »Oil investments to hit US $15bn
Beehive of activity expected says PAU boss Rubondo Kampala, Uganda | RONALD MUSOKE | The level of investments in Uganda’s oil and gas project is exciting, says Ernest Rubondo, the executive director of the Petroleum Authority of Uganda (PAU). And in 2022, Rubondo says, the government expects close to Shs11 …
Read More »Oil and gas investments to total UGX 11 Trillion in 2022 – PAU
Kampala, Uganda | THE INDEPENDENT | Uganda is expected to attract investments worth 3 billion dollars (10.6 trillion shillings) this year in the oil and gas sector alone as developments towards production in 2025 proceed. According to the Petroleum Authority of Uganda, PAU, investments in the sector were worth 500 million …
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