COMMENT | ANGELA NALWEYISO SEMAKULA | As Warren Buffett aptly noted, “Price is what you pay. Value is what you get.” This principle underpins the Government of Uganda’s approach to developing the country’s oil and gas resources, balancing the need to attract serious investment with robust cost management …
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Kampala, Uganda | THE INDEPENDENT | The Final Investment Decision (FID) for the East African Crude oil project is expected before the end of September 2024 according to Energy Minister, Ruth Nankabirwa. Three billion dollars in debt financing is required for the financial close of the five billion dollar pipeline that …
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Kampala, Uganda | THE INDEPENDENT | Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on. State Minister for Energy, Okasaai Opolot says Ugandans will get jobs during and after the construction of the refinery. The government of Uganda plans to …
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Kampala, Uganda | THE INDEPENDENT | The Final Investment Decision for Uganda’s Oil and Gas refinery project is set for June, this is according to the Ministry of Energy and Mineral Development. The refinery was one of the three projects mooted more than a decade ago, but little has been said …
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Kampala, Uganda | THE INDEPENDENT | Following the Final Investment Decision, the commencement of field development, and the arrival of the rigs, there is hope that Tilenga and Kingfisher developments in the Albertine will deliver the first oil in 2025. The joint venture partners, TotalEnergies, China National Offshore Oil Corporation (CNOOC), …
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COMMENT | JAMES BYARUHANGA | On February 2, 2022, Uganda made a very significant step towards realising its first oil fortunes. We witnessed the announcement of the Final Investment Decision (FID) for Uganda’s oil and gas Projects by the Total Energies EP Uganda, CNOOC Uganda Limited, the Uganda National …
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Why Pope Francis met two young Ugandan women activists determined to stop it Kampala, Uganda | RONALD MUSOKE | Groundwork on keystone oil and gas infrastructure projects is beginning to take shape in western Uganda after TotalEnergies and CNOOC in February signed off the necessary Final Investment Decision (FID). But …
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Kampala, Uganda | RONALD MUSOKE | As the construction phase of the L. Albert Oil Development Project gathers pace, focus has now turned to how best local entrepreneurs in the agriculture and housing sectors can maximise opportunities the oil industry is attracting into Uganda. Two studies were launched on Feb. …
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London, UK | THE INDEPENDENT | Tullow Oil says it expects a sh264 billion “earnout” from TotalEnergies after a Final Investment Decision for the Tilenga Project in Uganda and the East African Crude Oil Pipeline (EACOP) The Irish-founded company said in a statement on Wednesday that the FID taken by Total …
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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 …
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The Independent Uganda: You get the Truth we Pay the Price
