Dar es Salaam, Tanzania | THE INDEPENDENT & XINHUA | Ugandan President Yoweri Museveni on Thursday said oil revenues must be invested in avenues that create jobs and wealth. The Ugandan president said since oil is an exhaustible resource, revenues from it should be used to build the infinite resources in …
Read More »Tilenga project industrial area groundwork commences
Kampala, Uganda | THE INDEPENDENT | French oil company Total has commenced work on its Tilenga project industrial area in Kasenyi, Buliisa district where it plans to build its central processing facility. Total contracted Mota Engil Uganda, a subsidiary of Portugal-based construction group Mota-Engil, to handle the initial works that include bush …
Read More »Sigh of relief as Tanzania signs EACOP host agreement
Kampala, Uganda | THE INDEPENDENT | Tanzania today signed an agreement to host the East African Crude Oil Pipeline with its lead investor Total. The signing of the long-awaited Host Government Agreement(HGA) on Thursday was witnessed by President Yoweri Museveni and Samia Suluhu Hassan in Dar es Salaam. The …
Read More »Mixed messages stir controversy as oil pipeline compensation delays
Kampala, Uganda | THE INDEPENDENT | The lack of harmonized messages has triggered controversy among communities that are awaiting compensation from the East African Crude Oil Pipeline-EACOP project in the affected districts of the greater Masaka sub-region. Lwengo, Sembabule, Kyotera, and Rakai districts are part of the ten districts through which …
Read More »Natural Resource departments have no funds to monitor pipeline project
Lwengo, Uganda | THE INDEPENDENT | The Natural Resources officers in Lwengo, Kyotera, and Rakai district local governments have said they are failing to monitor the ongoing East African Crude Oil Pipeline (EACOP) project activities due to lack of funds. According to Godfrey Mutemba, the Lwengo district Natural Resources officer, their departments …
Read More »Oil companies opt to pump crude through pipeline using solar
Kampala, Uganda | THE INDEPENDENT | The partners in the oil and gas industry in Uganda intend to supply solar energy to power the East African Crude Oil Pipeline in transporting crude from Hoima in western Uganda to Tanzania’s Tanga Port. The energy will be used at the six pump stations …
Read More »Energy and mineral sector makes steady progress
Kampala, Uganda | THE INDEPENDENT | The Minister of Energy and Mineral Development, Mary Kitutu has given an account of what her ministry has been doing over the last five years during the 2021 NRM Manifesto Week. The manifesto implementation that is running from 4th to 11th May aims at …
Read More »dfcu Bank ready to fund companies in oil and gas
CNOOC, dfcu points at post Final Investment Decision prospects Kampala, Uganda | JULIUS BUSINGE | dfcu Bank held a half day engagement for its clients and stakeholders in the oil and gas sector on Apr.28 following the government’s bold step to sign key agreements that will see the country get …
Read More »CSOs bothered by banks move to opt out of oil pipeline financing
Kampala, Uganda | THE INDEPENDENT | Civil society actors have challenged the government to take with serious concern, decisions by some international banks not to finance the East African Crude Oil Pipeline-EACOP. At least six international banks have backtracked on their financing plans for a USD 3.5 billion project, which will include …
Read More »President Macron calls for accelerating construction of East African crude oil pipeline
Kampala, Uganda | Xinhua | French President Emmanuel Macron has called for speeding up the construction of the East African Crude Oil Pipeline (EACOP) that will run from Uganda’s oil wells to the Tanzanian seaport of Tanga. Macron, in a letter to his Ugandan counterpart Yoweri Museveni, said the construction of …
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