Tag Archives: crude oil

    The East African nation is trying to build alternative fuel routes rather than depend on a single route   NEWS ANALYSIS | JULIUS BUSINGE |  Uganda’s oil story has, for more than a decade, been told from the shores of Lake Albert.  That is where the country’s biggest …

NEWS ANALYSIS | URN | The decision by the government to name its crude oil “Pearl Sweet” has generated debate, with some questioning why the crude oil to be produced from the Albertine Graben needs a name as the country approaches first oil. The debate has gained traction on social …

Kampala, Uganda | Xinhua | Uganda has appointed global energy and commodities trader Vitol to market the country’s crude oil allocation ahead of planned exports early next year, the Uganda National Oil Company (UNOC) said Monday. According to a statement issued by UNOC, Vitol will market the crude oil allocation …

  The name marks a milestone, but Uganda’s real oil test begins when the first barrel reaches the market   Kikuube, Uganda | JULIUS BUSINGE & AGENCIES |  Uganda’s long-awaited entry into the global oil market has acquired a name, a commercial identity and, potentially, a new source of economic …

  Buliisa, Uganda | URN | President Yoweri Museveni is expected to preside over the naming of Uganda’s crude oil blend during a visit to oil development projects in the Albertine Graben, as the country moves closer to commercial production. The President is expected to visit key oil development facilities …

  Settlement with BB Energy restores crude-backed financing access while underscoring the need for careful management of future petroleum revenues   Juba, South Sudan | AGENCIES |  South Sudan has regained limited access to advance financing against its future crude oil exports after reaching an agreement with commodities trader BB …

EACOP Ltd announces the closing of the first financing tranche for the East African crude oil pipeline project Kampala, Uganda | THE INDEPENDENT & URN | EACOP, the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to …

HOIMA, UGANDA | THE INDEPENDENT |  The East African Crude Oil Pipeline (EACOP) Ltd, the company leading the development of Uganda’s crude oil export pipeline together with Malaika have partnered to provide dignity hampers to 1,000 schoolgirls in the districts of Hoima, Kikuube, Kakumiro, Mubende and Kyankwanzi as part of its …

KAMPALA, UGANDA | Xinhua | The construction of a 1,443-km crude oil pipeline between Uganda and neighboring Tanzania is on schedule, Ugandan Minister of Energy and Mineral Development Ruth Nankabirwa said on Thursday. The civil works of the 3.55-billion-U.S.-dollar East African Crude Oil Pipeline (EACOP) between the oil wells in …

Russia has made it clear that it will not export oil to countries that enforce price caps Rome, Italy | Xinhua | A price cap on Russian seaborne crude recently agreed by the European Union (EU), the Group of Seven (G7) nations and Australia came into effect on Monday. Whether the …