First oil expected in 2025 Kampala, Uganda | RONALD MUSOKE | Finally, the international oil companies, TotalEnergies SE and the China National Offshore Oil Corporation (CNOOC) announced they are ready to produce oil in Uganda in a US$10 billion project. Reaching this point had taken a whopping 15 years of …
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 »Debate over oil project emissions
Why environmentalists fear fumes but want the oil Kampala, Uganda | RONALD MUSOKE | Uganda’s contribution of carbon dioxide into the atmosphere—one of the gases that are infamous for the global climate change crisis—is at the moment insignificant. Uganda accounts for only 0.01% of the total global carbon emissions …
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 »After Coronavirus shock, Uganda sets oil FID for early this year
Hoima, Uganda | THE INDEPENDENT | Uganda is optimistic that the Final Investment Decision-FID on the commercial oil and gas production will be made in the first months of this year to pave way for the construction of the final structures in the sector. These will include the oil …
Read More »Time to benefit from oil & gas is now
Investors will go through most of the over US$15 billion capital expenditure during this development stage | EMMA NAHAYO MUGIZI | At a recent meeting, Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda (PAU) described the progress of our organisation and the oil and gas sector in …
Read More »UGANDA: 2018 to unlock oil billions
UGANDA: $20 billion up for grabs Kampala, Uganda | HAGGAI MATSIKO | Ernest Rubondo, the Executive Director, Petroleum Authority of Uganda (PAU), is optimistic 2018 will be big for Uganda’s oil industry. “The sector will be felt in 2018,” he told The Independent in an interview at his offices at …
Read More »THIS WEEK: Shs72 trillion needed for investment in Uganda’s oil
THIS WEEK: Shs 72trillion needed for investment in Uganda’s oil Kampala, Uganda | THE INDEPENDENT | Uganda will need about Shs72 trillion for investment in its development phase after transitioning from exploration. Ernest Rubondo, the executive director of Petroleum Authority of Uganda said the investment is expected to spur jobs, …
Read More »OIL & GAS: Uganda unveils 2017 National Suppliers’ Database
More than 290 firms approved to participate in Uganda oil industry this year Kampala, Uganda | RONALD MUSOKE | Uganda has unveiled its first National Suppliers Database with more than 290 firms approved to supply goods and services in the fledging oil and gas industry this year. The companies can …
Read More »ANALYSIS: Scramble for Shs900bn oil deals
Ugandan firms in fight against foreigners Uganda’s nascent oil and gas sector is entering an intense three-year development phase, or what everyone is calling phase II since it follows phase one of exploration. As excitement builds, so does anxiety. “I hope to approach this phase differently. It is much …
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