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Tag Archives: oil

Oil exports key for Uganda to handle growing debt – BoU

Kampala, Uganda | THE INDEPENDENT | Uganda’s capacity to manage its growing public debt will depend on the country’s ability to export oil by 2023, a Bank of Uganda June 2019 State of the Economy report has shown. In the report, the Central Bank indicates that Uganda’s public debt stock will …

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How has war affected Syria’s oil and gas sector?

Beirut, Lebanon | AFP |  Syria’s eight-year war has seen the Damascus regime lose control of key oil fields and caused state hydrocarbon revenues to plummet by billions of dollars. Weak production has forced President Bashar al-Assad’s regime to import oil, but Western sanctions on Damascus and Tehran are hampering incoming …

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Oil and Gas: How prepared is the Health sector?

Kampala, Uganda | THE INDEPENDENT | The oil and gas industry potentially one of the most hazardous industry sectors will require providers of health services to meet high occupational health and safety standards. Petroleum Authority Executive Director, Dr Ernest Rubondo says while there are opportunities for health service provider to tap …

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Tullow Oil releases statement on Uganda

Kampala, Uganda | THE INDEPENDENT | Tullow Oil PLC has released a statement in advance of the Group’s Half Year Results, indicating it is struggling to reach a farm-down agreement. “Tullow and its Joint Venture Partners, have, so far, been unable to finalise this agreement with the Government of Uganda. We continue …

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Albertine oil prospects mingle with water concerns

Kampala, Uganda | THE INDEPENDENT | As oil companies prepare to extract oil out of the ground, the next concern is Lake Albert’s water levels and fears that communities around the Lake could be denied access to the water resources. While everyone is eagerly waiting to see out of the …

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CSOs demand environmental conservation in Albertine region

Kampala, Uganda | THE INDEPENDENT | Civil Society Organizations operating in the oil-rich Albertine Graben are demanding for consistent efforts aimed at protecting the environment in the light of oil and gas exploration and production in the region. According to the CSOs, oil companies operating in the region have not …

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Public housing in Equatorial Guinea a mirage for the poorest

Malabo, Equatorial Guinea | AFP | In a country awash with oil, the poorest survive in shantytowns a stone’s throw from smart modern apartments and family homes supposedly built to help those most in need. The government of Equatorial Guinea had billed the rows of state-subsidised housing as never-to-be-missed home-owning opportunities for the poor. But …

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UNOC: Board to decide on Wapakabulo resignation

  Kampala, Uganda | THE INDEPENDENT | Dr Josephine Wapakabulo, the founding CEO of Uganda National Oil Company (UNOC) has written indicating she intends to resign. UNOC has however issued a statement, saying an official decision on this request is yet to be made. “We are aware that the public …

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