However, progress on the $4.5 billion refinery remains limited Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil sector is advancing significantly with 72 out of 457 wells drilled at the Tilenga and Kingfisher oil projects as TotalEnergies and CNOOC Uganda Limited push towards commercial production slated for 2025. Energy and Mineral …
Read More »Refinery negotiations still ongoing, Ugandan job seekers urged to be patient
Kampala, Uganda | THE INDEPENDENT | Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on. State Minister for Energy, Okasaai Opolot says Ugandans will get jobs during and after the construction of the refinery. The government of Uganda plans to …
Read More »How Aliko Dangote overcame oil mafias, banks to build a refinery in Nigeria
The oil firm borrowed $5.5 billion and has since paid interest and some principal of over $2.4 billion ANALYSIS | ISAAC KHISA & AGENCIES | Global and local oil mafias, alongside international banking interests, attempted to thwart the establishment of a major oil refinery in Nigeria, according to Nigerian industrialists, Aliko …
Read More »Did Uganda refuse Iranian refinery offer?
Kampala, Uganda | THE INDEPENDENT | Uganda turned down an offer by the Islamic Republic of Iran to build a mini refinery that should have refined oil from the Albertine region. It is emerging that the geopolitics around oil and gas played against the Iranian offer as the government of Uganda …
Read More »Refinery Project hits a snag as deadline passes
Kampala, Uganda | THE INDEPENDENT | Plans to construct a 4-billion-dollar crude oil refinery have hit yet another snag with the expiry of the Project Framework Agreement between the government and an American-led Consortium. The Project Framework Agreement officially ended on 30th June without the conclusion of other agreements Albertine Graben …
Read More »Dangote launches $20bn oil refinery in Nigeria
Although it is a large crude oil producer, country has faced challenges supplying its citizens with refined oil products Lagos, Nigeria | AGENCIES | The world’s largest single train refinery was on May 22 commissioned in Nigeria. The $20 billion giant refinery was built by the Dangote Group which is owned …
Read More »Newly commissioned Dangote Refinery to redefine Africa’s oil industry
Africa’s largest oil refinery goes live in Nigeria as the continent’s largest oil producer seeks to cut fuel importation costs. The refinery promises to turn Nigeria from a net importer to a net exporter of refined oil. SPECIAL FEATURE | BIRD AGENCY | In a ceremony attended by heads of …
Read More »Museveni seeks Algerian help to build oil refinery, milk sector
Algiers, Algeria | THE INDEPENDENT & URN | Algeria’s leader Abdelmadjid Tebboune has held talks with Uganda’s President Yoweri Museveni, who is on a three day visit to the north African country. The talks are said to have covered several areas of mutual interest, as Algeria reportedly plans to spend $1 …
Read More »FID on Uganda refinery due by June
Kampala, Uganda | THE INDEPENDENT | The Final Investment Decision for Uganda’s Oil and Gas refinery project is set for June, this is according to the Ministry of Energy and Mineral Development. The refinery was one of the three projects mooted more than a decade ago, but little has been said …
Read More »A delicate balance as Uganda’s oil refinery set for 2023
Hoima, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Project in Hoima will be one of the big oil and gas infrastructure projects to look out for in 2023 in Uganda and Africa. The 60,000 barrels per day refinery is one of the 70 new oil and gas projects that …
Read More »