Tag Archives: crude oil

Lwengo, Uganda |  THE INDEPENDENT | Persons affected by proposed East African Crude Oil Pipeline Project in Rakai, Lwengo and Gomba districts are demanding for revaluation of their assets before they are razed to open the route for the project.  The 1,443 kilometres oil export pipeline will transport crude oil from …

Lwengo, Uganda| AFP |  THE INDEPENDENT |  Several residents affected by the East African Crude Oil Pipeline (EACOP) project in Lwengo Town Council, Lwengo rural and Ndagwe sub-county have lost patience and returned to the demarcated areas to cultivate crops. The decision partly stems from the delayed compensation of the affected …

Lagos, Nigeria | AFP |  The collapse in oil prices linked to the coronavirus crisis has seen Nigeria’s revenues from crude dry up and left Africa’s largest economy more threatened than ever by its dependence on black gold. The crude market may have rebounded in recent days to more than $30 …

Lagos, Nigeria | AFP | In a move Nigeria’s president hailed as a “landmark moment”, Africa’s largest oil producer approved legislation this week to bolster its share of revenues from international majors. The authorities say the amendment — heralded as the biggest change in decades to its production sharing deals — will …

Why EACOP Hoima-Tanga oil pipeline pact is a landmark for Uganda and Tanzania Kampala, Uganda | UG MIN EMD |  The Governments of Uganda and of Tanzania have today signed the Inter Governmental Agreement (IGA) for the East African Crude Oil Pipeline (EACOP) Project. The IGA was signed by Uganda’s Eng. …

Ugandan ministers have today signed the East African Crude Oil Pipeline Inter-Governmental Agreement (EACOPIGA) after leaders of the two nation’s agreed last week that  all is set for construction to start. “This signing is landmark occasion after several months of negotiations,” said Ministry of Energy Permanent Secretary Stephen Isebalij, adding “the pipeline …