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Tag Archives: oil

Total confident momentum for Uganda’s oil is building

  Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni’s meeting with the chief executive officer Total E&P could unlock stalled investments oil and gas sector. President Museveni and Total chairman Patrick Pouyanne met in mid-January to resolve issues that have delayed international oil companies from taking a Final Investment …

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Insurers trained on resolving oil and gas sector risks

Kampala, Uganda | THE INDEPENDENT | Over 50 local insurers have received training on how to address risks related to Uganda’s nascent oil and gas sector. The training was conducted by Insurance Broker Minet Uganda Limited, together with its correspondent partner in the United Kingdom, AON. Uganda has six billion …

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Insurance broker MINET trains insurers on matters oil

Kampala, Uganda | JULIUS BUSINGE | Insurance broker Minet Uganda Limited in partnership with AON from the United Kingdom, conducted an oil and gas training aimed at equipping insurers with knowledge about oil and gas risks. Around 40 insurance industry executives attended the workshop at Sheraton Kampala Hotel, the company said in …

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Wanted: Genuine oil investors

How pressure on oil refinery, pipeline pushed Uganda to agree to end secret deals Kampala, Uganda | RONALD MUSOKE | For ten years, civil society has been trying and failing to push the government to join the Extractives Industries Transparency Initiative (EITI), a global mechanism that requires governments and companies …

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EITI : Uganda opens up to contract transparency in oil

Kampala, Uganda | THE INDEPENDENT | Cabinet last week made a decision for Uganda to join the Extractive Industries Transparency Initiative-(EITI). Government Spokesperson, Ofwono Opondo said cabinet agreed to join the initiative as part government’s commitment to accountability and transparency in the oil and gas sector. Ofwono’s revelation drew minimal media …

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Major DR Congo oil deal could be ‘void’: watchdog

Paris, France | AFP | A major deal allowing a company to drill for crude reserves in areas of the Democratic Republic of Congo bordering Africa’s largest protected rainforest may contravene the country’s own oil law, a watchdog said Friday. The transparency group Global Witness said that an agreement signed in …

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Uganda needs usd 20bn to complete oil processing facilities

Kampala, Uganda | THE INDEPENDENT |  Uganda needs to up to USD 20 billion (7.4 trillion Shillings) to achieve its first oil by 2021, according to the Energy Ministry Permanent Secretary Robert Kasande. The money according to Kasande will cater for upstream developments which include Central Processing Facilities (CPFs) and pipelines …

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Kadaga questions oil production timeline changes

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has questioned the recurring changes in timelines for achieving Uganda’s first oil, which was recently pushed to 2022. Kadaga’s inquiry was in response to a presentation by Energy Minister Irene Muloni indicating that that Uganda was likely to …

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