Tag Archives: oil

Kampala, Uganda | NEWS CORRESPONDENT |  The Deputy Speaker of Parliament, Thomas Tayebwa is confident that oil production will no doubt unlock Uganda’s full economic potential. He said the petroleum sector is a strategic catalyst for the country’s tenfold growth ambition from a $50 billion economy to $500 billion by 2040 …

Kampala, Uganda | NEWS CORRESPONDENT | Ugandans are increasingly taking up the majority of jobs on the East African Crude Oil Pipeline (EACOP) project as it moves closer to completion, the company has announced. EACOP Deputy Managing Director, John Bosco Habumugisha, made the remarks while presenting project updates at the …

“This fossil fuel crisis will happen again and again,” said UN Climate Change Executive Secretary Simon Stiell. “Sunlight does not depend on narrow and vulnerable shipping straits. Wind blows without massive taxpayer-funded naval escorts.”   LONDON | GAO WENCHENG  – Xinhua |  As Tuesday marks two months since the United …

CAIRO | Xinhua |  The United Arab Emirates (UAE) on Tuesday announced its decision to quit the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, effective on May 1, following “a careful look at the regional power’s energy strategies.” Why is the UAE leaving one of …

The true measure of Uganda’s oil and gas sector will not be production volumes, but its ability to drive structural economic transformation   COMMENT | MUMBA KALIFUNGWA | As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of deep contradiction in the global energy …

The push for a regional refinery comes at a time when East Africa remains almost entirely dependent on imported refined petroleum products, largely sourced from the Middle East Nairobi, Kenya | THE INDEPENDENT |  East African countries are in discussions to build a joint oil refinery at Tanzania’s port city …

Nairobi, Kenya | URN | President Yoweri Museveni has hinted at the possibility of using Uganda’s crude oil as a contribution to putting up a mega crude oil refinery in East Africa to be located in Tanga, Tanzania. The move is part of broader efforts to boost local refining capacity …

  Currently, petroleum prices are still significantly higher than pre-war levels, when Brent crude was trading below $73 per barrel before the outbreak of the Iran war   Kampala, Uganda | ISAAC KHISA | Insurance leaders across Africa are warning of a potential economic slowdown as surging global petroleum prices …

Kampala, Uganda | URN | The industry has put the completion level of the export pipeline at close to 90 percent today, while pre-commissioning and commissioning testing phase (including hydro testing) exercises are ongoing to determine the facility’s readiness, according to the Petroleum Authority of Uganda (PAU). These tests ensure …

WASHINGTON | Xinhua | U.S. President Donald Trump said Tuesday he will extend the ceasefire with Iran as the current two-week truce is set to expire on Wednesday night. “Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal …