Tag Archives: oil

CAIRO | Xinhua |  Following the U.S.-Israeli military strikes against Iran that began on Saturday, global attention has turned to the Strait of Hormuz, particularly after Iran warned it could disrupt transit through this vital waterway in retaliation, sending shockwaves through international markets. What makes the strait so vital? Has …

Participation is secured, but profitability and prudence remain under scrutiny Kampala, Uganda | RONALD MUSOKE | For more than 50 years, Uganda depended on its eastern neighbour, Kenya, to transport the fuel that powers its economy, but had little influence over the infrastructure and pricing decisions shaping that supply. That dynamic …

    How the current conflict in the Middle East is reordering the world and may risk a dangerous escalation THE LAST WORD | ANDREW M. MWENDA | The joint USA-Israel attack on Iran has set the Middle East on fire and risks a global conflict of unimaginable proportions. It is …

Hoima, Uganda | THE INDEPENDENT | The East African Crude Oil Pipeline (EACOP) in partnership with Hoima City, has handed over the newly constructed Nyamasoga – KatookeRoad under its Socio-Economic Investment (SEI) programme. This initiative aimed to enhance community livelihoods and improve local infrastructure, improve trade, and support everyday activities …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economic future is poised between opportunity and caution, according to top officials from the Bank of Uganda and the National Planning Authority (NPA). In a wide-ranging discussion this week, Professor Augustus Nuwagaba, Deputy Governor of the Bank of Uganda, and Dr. Muwawala, Executive …

Kampala, Uganda | THE INDEPENDENT | Uganda’s anticipated June/July oil production timeline is facing uncertainty due to delays in critical emergency preparedness infrastructure. Despite assurances from government and oil companies that first oil will flow by mid-year — with revenues expected by the end of the year or in 2027 — …

The $4 billion-plus pipeline, now about 79% complete, is designed to export crude from Uganda’s Lake Albert oilfields to Tanzania’s Indian Ocean port of Tanga Kampala, Uganda | JULIUS BUSINGE | Uganda is approaching a pivotal economic moment, according to Stanbic Bank Uganda Chief Executive Mumba Kalifungwa, who said the country must …

Kampala, Uganda | THE INDEPENDENT | After ten years at the helm of the Petroleum Authority of Uganda (PAU), Ernest Rubondo is stepping down, leaving behind a legacy that has significantly shaped Uganda’s oil and gas sector, even before the first barrel of oil is produced. He will officially leave office …

Uganda’s Oil Export Process Did Not Just Delay; Due diligence was meant to maximise benefits for the country COMMENT | CAROLYNE MUYAMA | Last week, President Yoweri Kaguta Museveni met with President Samia Suluhu Hassan of Tanzania in Dar es Salaam. The main topic of their talks was the East …

CARACAS | Xinhua |  Venezuela’s National Assembly on Thursday passed a partial reform of the Organic Law on Hydrocarbons proposed by the country’s acting president Delcy Rodriguez earlier this month. “Approved unanimously. Consequently, the Organic Law on Hydrocarbons is hereby enacted for history, for the future, for our daughters and …