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Tag Archives: oil

Angola, hit by collapse of oil prices, seeks IMF aid

Washington, United States | AFP Angola said Wednesday it had asked the International Monetary Fund for help after the crash in oil prices ravaged government finances. The IMF said discussions would begin next week in Washington on what could be a three-year support plan for the government. “The sharp decline …

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Cleaning up oil

By Ronald Musoke New oil waste treatment facility brings relief to communities In 2009, the international independent oil and gas exploration firm, Heritage Oil, then based in Calgary Canada, needed a site to dump thousands of tonnes of oil waste from its exploration activities in Uganda. It was sinking prospecting …

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Cleaning up Oil

By Ronald Musoke In 2009, the international independent oil and gas exploration firm, Heritage Oil, then based in Calgary Canada, needed a site to dump thousands of tonnes of oil waste from its exploration activities in Uganda. It was sinking prospecting wells in the northern Uganda area of the Albertine …

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Oil prices: EAC shouldn’t despair

By Dr. Ahmed Heikal A lot has been written and said about the potential impact the collapse in global oil prices might have on East Africa’s nascent hydro carbon industry. After five years of exciting new discoveries, the region had become one of the most promising new exploration frontiers, creating …

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