Tag Archives: oil

The country’s second airport is at 80% completion as the country seeks to boost growth and development in south western region Kampala, Uganda | THE INDEPENDENT | Uganda’s second largest international airport is set to open up trade and investment opportunities in the oil region upon completion. The Hoima-based airport …

London, UK | THE INDEPENDENT | Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent. The Anglo-Irish Oil and gas operator has over 30 licenses across eight countries in Africa and South America. It was once the lead investor in …

Kampala, Uganda | THE INDEPENDENT | The United States Agency for International Development-(USAID) has raised concern over corruption in the country, saying that if the vice isn’t fought, the long anticipated oil money may not benefit the country. Richard Nelson, the USAID Country Director told a meeting organized by the Inspectorate …

Kakumiro, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa has promised unwavering support from the legislative arm of government towards the production of oil. Tayebwa made these remarks at the belated Women’s Day celebrations hosted by the Prime Minister, Robinah Nabbanja on Friday, 20 May 2022 at the …

Caracas, Venezuela | Xinhua | Venezuela confirmed a decision by the United States to ease oil sanctions, calling for a total lifting of the U.S. sanctions on the South American country. “The Bolivarian Government of Venezuela has verified and confirmed the news … that the United States of America has …

Hoima, Uganda | THE INDEPENDENT | At least 41 percent of the Project affected persons-PAPs under the East African Crude Oil pipeline-EACOP project have been fully compensated in Uganda. There are 3,648 project affected persons-PAPs under the EACOP project in Uganda. The 1,443km crude oil export pipeline will transport Uganda’s crude …

Lisbon, Portugal | Xinhua | The Portuguese Council of Ministers announced on Friday a measure to halve the price of gas used for electricity production for both domestic and industrial consumers, who have been severely affected by this year’s electricity price inflation. The mechanism adopted by Portugal after negotiation with …

Kampala, Uganda | THE INDEPENDENT | Uganda and Tanzania have signed a Memorandum of Understanding on cooperation in defense and security for the East African Crude Oil Pipeline – EACOP project. The deal was signed on Friday at the climax of a three-day the 1st Inter-governmental Security Committee Meeting held at …

Juba, South Sudan | Xinhua | South Sudan said Friday it has kicked off plans to nationalize the country’s oil industry in the next five years. Awou Daniel Chuang, Undersecretary in the Ministry of Petroleum told journalists in Juba, the capital of South Sudan, that the ministry has started the process …

Sanctions by the United States and its allies against Russia have worsened food inflation across the African continent Addis Ababa, Ethiopia | Xinhua | The impact of the Russia-Ukraine conflict is felt internationally, but it affects wheat and oil importing African countries worst, a business leader has said. “The Russia-Ukraine conflict …