Tag Archives: oil

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 …

Malabo, Equatorial Guinea | AFP |  Equatorial Guinea is awash in oil, although little of the wealth has trickled down to the poor. Yet one of the most glaring inequalities here is access to the internet. Other parts of the world are pushing ahead with plans for fast, free — …

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 …

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 …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | The Bunyoro Kitara Kingdom is demanding the preservation and protection of all cultural Heritage sites in areas where oil and gas activities are taking place. Bunyoro Culture Minister Hajji Bruhani Kyokuhaire said that a number of sites are threatened, yet there is no deliberate …

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 …

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 …

  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 …