Tag Archives: oil

  BB Energy initiated legal proceedings in London’s courts last year, alleging that South Sudan failed to deliver oil cargoes purchased under the prepayment arrangements   London, UK | AGENCIES | London’s High Court has upheld an injunction preventing South Sudan from entering into new oil prepayment agreements until it …

Kampala, Uganda | URN | Uganda’s oil journey has been defined less by extraction than by expectation — a revolving door of ministers, shifting deadlines, and a promise of “first oil” that has survived nearly two decades of political optimism and policy delays. In 2013, Irene Muloni, then Minister for Energy and …

Kampala, Uganda | URN | When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time when policymakers are positioning mineral resources, especially oil and gas, …

  How Entebbe’s 16 million-litre fuel hydrant is navigating a spiralling crisis   NEWS ANALYSIS | IAN KATUSIIME | When geopolitical tensions in the Middle East boil over into a fully fledged conflict, the repercussions are felt far and wide, particularly for countries that import oil from the Arabian Peninsula. …

Kampala, Uganda | THE INDEPENDENT | African electric mobility company Spiro has secured a landmark $215 million equity investment to accelerate the expansion of its electric vehicle (EV) and battery-swapping infrastructure across the continent, positioning the company among Africa’s leading clean energy and transport platforms. The funding round attracted support …

Kampala, Uganda | NEWS CORRESPONDENT | TotalEnergies Uganda has intensified its nationwide consumer awareness efforts through the ongoing Wininii Campaign, an initiative aimed at educating motorists and riders on how to identify genuine lubricants and protect their vehicles from the dangers of counterfeit engine oils currently circulating on the market. …

HAVANA | Xinhua | The United States has no grounds to launch an attack against Cuba, Cuban Deputy Foreign Minister Carlos Fernandez de Cossio said Wednesday, warning such a move would cause death and destruction. “Isn’t there a lack of grounds to justify killing, maiming, and causing destruction and misery, …

  COMMENT | TIMOTHY WILKINS OKANYA | For years, Uganda’s oil story has been told in the future tense. We’ve navigated a decade of discoveries in the Albertine Graben, sat through marathon negotiations, and watched the rigs rise with a mix of patience and prayer. But the wait is over. …

Kampala, Uganda | URN | President Yoweri Kaguta Museveni has endorsed a proposed multi-billion-dollar regional oil refinery initiative championed by Nigerian industrialist Aliko Dangote, while firmly reiterating that Uganda’s own 60,000 barrels-per-day refinery in Hoima will proceed as planned. The position emerged following high-level discussions between President Museveni and Dangote …

  For Iran, the Strait of Hormuz has been a valuable geopolitical asset, and its strong negotiating position demonstrates a classic principle of game theory COMMENT | RENAUD FOUCART | Iran’s military might was never going to be a match for the US and Israel. So instead it turned to the highly …