New boss determined to pump out Uganda’s oil in four years Kampala, Uganda | RONALD MUSOKE | Philippe Groueix took over from Pierre Jessua on Sept. 01 as the General Manager of TotalEnergies EP Uganda with one critical goal on his mind: commercializing Uganda’s oil resources by 2025. Uganda first …
Read More »Energy ministry evaluates two bidders for three oil blocks in the Albertine graben
Kampala, Uganda | THE INDEPENDENT | Only two oil and gas firms submitted bids for the second oil and gas licensing round for the exploration of five blocks in the Albertine graben. One of the companies whose bids is being evaluated is DGR Global which owns majority stake in Armour Uganda-an …
Read More »The big choices for Uganda’s oil in the energy transition
Kampala, Uganda | THE INDEPENDENT | Uganda is expected to produce oil and gas by the end of 2025. While it is hoped oil and gas will be a game-changer for the economy, some say it may be a risky bet by countries like Uganda that are about to extract their …
Read More »Uganda oil money agreements
What is govt hiding? Kampala, Uganda | RONALD MUSOKE | Hussein Lumumba Amin, a renowned socio-political analyst, recently ignited debate on one of Uganda’s most sensitive subjects since Uganda discovered commercially viable oil reserves in 2006: What exactly will be Uganda’s share of its oil resource when production finally …
Read More »Uganda oil agreements
Why experts don’t know whether to celebrate or criticise Kampala, Uganda | RONALD MUSOKE | Final agreements to kick-start production of oil in Uganda have taken over 10 years of bickering and anxious negotiation. But when they were finally signed on April 11, many watchers said they were unsure …
Read More »Budget Committee declines to approve UGX 487 billion oil loan
Government intends to secure finances from the domestic market for the oil pipeline project Kampala, Uganda | THE INDEPENDENT | High hurdles still stand in the way to the Final Investment Decision that will see the country’s first oil come out of the ground for the crude to be transported to …
Read More »Gov’t seeks approval of UGX 487 billion loan to finance oil pipeline shares
East African Crude Oil Pipeline (EACOP) project will transport crude oil from the Tilenga and Kingfisher projects in Kabaale, Hoima to the coast port of Tanga in Tanzania Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati has asked Members of Parliament to approve a loan request …
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 »Total promises to fast track Uganda oil project
Local entrepreneurs remain cautious Kampala, Uganda | RONALD MUSOKE | Following the signing of the host government agreement with Uganda on the weekend of Sept.11, senior officials from the French oil major, Total, say they are now ready to move faster project activities that will ensure Uganda produces first oil …
Read More »UNOC ships in 6 million litres of fuel via Lake Victoria
Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) has started a process that will see it move all its fuel imports from Kenya by water through Lake Victoria up to the Jinja pier. Peter Muliisa, the head of legal and corporate affairs at UNOC said the company …
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