Tag Archives: oil

  INTERVIEW | East Africa, a region that has been working to deepen economic integration for more than 25 years, has a history of disagreements about the location of energy infrastructure. Uganda discovered oil in 2006 with the potential to pump an estimated 210,000 to 230,000 barrels of oil per day at peak …

  The name marks a milestone, but Uganda’s real oil test begins when the first barrel reaches the market   Kikuube, Uganda | JULIUS BUSINGE & AGENCIES |  Uganda’s long-awaited entry into the global oil market has acquired a name, a commercial identity and, potentially, a new source of economic …

  Museveni names Uganda’s crude oil Pearl Sweet ahead of first exports   Hoima, Uganda | NEWS CORRESPONDENT | Uganda has named its crude oil Pearl Sweet, giving the grade a commercial identity so it can be priced, marketed and sold to international refiners as the country moves to within …

  All set for historic naming ceremony of Ugandan crude oil   Kikuube, Uganda | NEWS CORRESPONDENT | Uganda will today unveil the name of its crude oil, giving the grade a commercial identity ahead of its planned entry into the global market, at a ceremony at the Kingfisher production …

Kampala, Uganda | URN | The government needs to establish a comprehensive methane emissions management framework before commercial oil production begins, the Natural Resource Governance Institute (NRGI) has warned. In a new briefing titled Strengthening Uganda’s Oil and Gas Sector Methane Emission Abatement, NRGI says Uganda is approaching oil production without …

Kampala, Uganda | URN | The rapid economic transformation taking place in the Bunyoro sub-region could create new opportunities for criminals to move or conceal illicit funds, the Financial Intelligence Authority (FIA) has warned. The authority has identified land transactions, money lending, corruption in local governments, cross-border trade, and smuggling …

  COMMENT | ALI SSEKATAWA | The year is 2029. Location: Masaka City. Venue: Ssekabaka Daudi Chwa II EACOP Stadium. On a wet November afternoon as the rain beats a gentle rhythm, the Kabaka of Buganda, Ronald Muwenda Mutebi, makes a grand entrance for the finale of the Masaza Cup, the …

Kampala, Uganda | THE INDEPENDENT | CNOOC Uganda Limited (CUL) has reaffirmed its commitment to environmental protection and responsible petroleum development as Uganda moves closer to First Oil. The company joined the Petroleum Authority of Uganda (PAU), Uganda National Oil Company (UNOC), TotalEnergies EP Uganda, EACOP Ltd, Government institutions, local …

  Uganda’s Investment Prospects Strengthen as Oil, Coffee and Industrialisation Drive Growth   Kampala, Uganda | NEWS CORRESPONDENT | Uganda’s improving macroeconomic stability, stronger foreign exchange reserves and anticipated oil production are enhancing the country’s prospects as an investment destination, with economic growth expected to accelerate as commercial oil production …

Tanzania has a blueprint to grow its economy tenfold by 2050, but faces multiple entrenched challenges if it is to prove realistic   NEWS ANALYSIS | LENNOX YIEKE |  Tanzania has set its sights on becoming a $1 trillion, upper‑middle‑income economy by mid-century. Under a long‑term plan known as Vision …