Tag Archives: oil

WINDHOEK | Xinhua | Namibia is on track to become one of Africa’s leading oil producers by 2035, potentially producing more than half a million barrels of oil per day, an official said on Wednesday. This development could see the country displace Egypt from the top five oil producers on …

Kampala, Uganda | THE INDEPENDENT | Ugandans may no longer need to travel abroad to acquire skills in the oil and gas sector says Ernest Rubondo, the Executive Director of the Petroleum Authority. He said the achievements of skills development in the country have not been only on manpower development. “In …

KAMPALA, Uganda | Xinhua | Uganda said 72 oil wells in its two production areas in the country’s western and northern regions have been successfully drilled ahead of commercial production slated for next year. Ruth Nankabirwa, minister of energy and mineral development, told journalists on Wednesday during a press conference …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is quite robust after weathering through several shocks in recent years, say top economists from the Africa Development Bank Group (AFDB). While there has been concern about the increase in domestic and foreign debts, economists suggest that the Ministry of Finance and the …

NAIROBI, Kenya | Xinhua | Kenya and Uganda have officially begun talks to extend the petroleum products pipeline from Eldoret in western Kenya to the Ugandan capital of Kampala. The Kenya Pipeline Company (KPC) said on Tuesday that the project, poised to significantly impact the region’s fuel import market, will …

Kampala, Uganda | THE INDEPENDENT | State Minister for Energy, Okaasai Sidronius Opolot has tasked the new Board of Directors of the Petroleum Authority to ensure that Uganda begins oil flow by 2025. Okaasai Opolot made the call on Friday while presiding over the inauguration of the new PAU board that …

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni Thursday launched the Lake Victoria Logistics facility in Kawuku Bwerenga, a project to transport and store oil from the port of Kisumu to Entebbe using oil tanker ships. He said it would crucially help the country stop relying solely on road transport …

Kampala, Uganda | THE INDEPENDENT |  Vivo Energy Uganda, the country’s leading distributor and marketer of Shell-branded fuels and lubricants, has reaffirmed its commitment to maintaining product quality for its customers despite the change in importing entities from the Kenyan government to the Ugandan government through the Uganda National Oil …

Uganda’s imports amount to about 60 KT, necessitating smaller vessels which increases freight costs. The logistics costs are likely to see pump prices in Kampala rise by 30% Nairobi, Kenya | THE STAR KENYA | Kenya did not impose a bond premium on Uganda’s oil cargo that docked at the …

MOSCOW, RUSSIA | TASS | Growth of world oil demand is forecast to average just below 1 mln barrels per day in 2024 and 2025, as subpar economic growth, greater efficiencies and vehicle electrification act as headwinds, the International Energy Agency (IEA) said in its July report. Consequently, the estimate …