Uganda participates in the Berlin Energy Transition dialogue 2018 Berlin, Germany | THE INDEPENDENT | Energy and Mineral Development Minister Irene Muloni has called on potential investors from Germany to consider investing in Uganda’s well-regulated and highly liberalized economy. Muloni told investors that Uganda had now overcome the supply side and …
Read More »Optimism as govt, investors sign refinery deal
Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …
Read More »Oil theft ‘costing Libya over $750 mn annually’
Tripoli, Libya | AFP | Fuel smuggling is costing Libya more than $750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said. “The impact of fuel smuggling is destroying the fabric of the country,” NOC president Mustafa Sanalla …
Read More »Insurance companies to share oil sector risks, benefits
Kampala, Uganda | JULIUS BUSINGE | As Uganda makes steps towards getting first oil in 2020, insurance companies are working on mechanisms of partnering to share risks and benefits that will manifest. Speaking to journalists on the sidelines of a press conference on the upcoming oil and gas convention to be …
Read More »Kampala set for 4th Oil and Gas convention
Kampala, Uganda | JULIUS BUSINGE | Oil sector leaders are warming up to deliver new developments regarding oil and gas sector for Uganda next week. This will be at the 4th annual Oil and Gas Convention scheduled for April 25-26 at Kampala Serena Hotel, where hundreds of …
Read More »Albertine consortium gave sh7.4b before signing for refinery project
Kampala, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Consortium (AGRC) posted a commitment bond of USD 2 million (over 7.4 billion Shillings) before it signed the Project Framework Agreement with the government for the oil refinery. Emerging information from the Directorate of Petroleum at the Ministry of Energy indicates …
Read More »Behind the scenes in Uganda’s oil refinery deal
Kampala, Uganda | THE INDEPENDENT | The signing of the Project Framework Agreement between government and the Albertine Graben Refinery Consortium (AGRC) for USD4 billion oil refinery was a great relief to the Energy Ministry as it races towards first Oil by 2020. Sources at the Energy Ministry have indicated …
Read More »Albertine Graben Consortium signs oil refinery pact with Uganda
President Museveni challenges western companies as Uganda signs oil refinery pact Entebbe, Uganda | THE INDEPENDENT | Uganda took a firm step to building its first oil refinery when officials signed a Project Framework Agreement with the Albertine Graben Refinery Consortium (AGRC) in Entebbe on Tuesday. The agreement will ensure development, …
Read More »Tanzania – Uganda oil players share opportunities
Kampala, Uganda | JULIUS BUSINGE | With the first oil expected towards the end of 2020 in Uganda, players are already exploring more ways of reaping from the sector. The latest avenue was a two-day local content workshop organized by the Association of Uganda Oil and Gas Service Providers (AUGOS) in …
Read More »Bus collision kills 15 oil workers in Kuwait
Kuwait City, Kuwait | AFP | Fifteen oil workers, most of them from the Indian subcontinent, were killed Sunday in a head-on collision between two buses in southern Kuwait, officials said. Seven of those killed were Indian nationals, five were Egyptians and the other three from Pakistan, said Mohammed al-Basri …
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