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Tag Archives: oil

Rwanda, DRC to explore oil in Lake Kivu

The Democratic Republic of Congo and Rwanda have signed a five-year joint exploration agreement for oil under Lake Kivu. The agreement follows a similar one between Tanzanian President John Pombe Magufuli and Congolese President Joseph Kabila in 2016. The two leaders signed a memorandum of understanding to jointly explore the …

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JOBS: General Manager Uganda National Pipeline Company

JOB TITLE: GENERAL MANAGER REPORTS TO: Board of Director of NPC (U) Ltd Deadline: May 12, 2017 Job description The General Manager (GM) will be the overall in charge of the administration of the National Pipeline Company (U) Ltd and is also the Accounting Officer of the Company. He/She will …

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Libyan oil production now more than 760,000 bpd

Tripoli, Libya | AFP |  Libya’s oil production, the country’s main source of revenue, rose Monday to more than 760,000 barrels per day for the first time since 2014, the National Oil Corporation said. Oil is Libya’s main natural resource, with reserves estimated at 48 billion barrels, the largest in …

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OIL: Museveni talks tough on presidential handshake money

Whoever breached the law in the six billion shilling oil cash payout must face the law – Museveni The chairperson of Uganda’s  parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE)  Abdu Katuntu has said President Yoweri Museveni wants the solicitor General to account for sh5.6 billion supposed to have …

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OBIANG: Uganda needs to be vigilant to sieve bad from good

Equatorial Guinea President Teodoro Obiang Nguema Mbasogo has cautioned Uganda to be careful when negotiating oil and gas deals. He said that whereas oil is a good blessing to nations that discover it, there are times it becomes a curse to the countries. “Oil can be linked to honey. Honey …

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Nigeria cracks down on illicit oil refineries

Kana Rugbana, Nigeria | AFP |  Nigerian commander Remi Fadairo points to the roiling plume of black smoke blotting the morning horizon in the Niger Delta -— the unmistakable sign of an illicit oil refinery. “Let’s see if we can go eat them for breakfast,” he says with an ominous …

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MUSEVENI: I love that man Trump

Museveni pushes for home-based value addition on Africa’s minerals – they belong to country Bahir Dar, Ethiopia | THE INDEPENDENT | President Yoweri Museveni has urged African leaders to stop what he described as ideological meandering. Leaders, he said, should thoroughly discuss and distill positions which can help their people …

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