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Tag Archives: oil

Improved Uganda Fitch Ratings favour oil sector

By Kayvan Farzaneh Growing interest in the oil sector has helped boost general confidence in Uganda’s wider economic prospects. The improved outlook rating could help Uganda access funds from international financial markets more cheaply. Last week, the international credit-ratings firm Fitch Ratings, for the first time, upgraded its opinion on …

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`Oil: Not exporting crude is unwise’

Agencies In this article from Ratio Magazine, Andrea Bohnstedt speaks to Duncan Clarke, the Chairman and CEO of Global Pacific and Partners (GP&P), about Uganda’s emerging hydrocarbon sector, the creation of local refining capacity, and prospects for the sector in East Africa. Developments in Uganda’s petroleum sector have accelerated recently, …

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Turmoil in oil sector

By Joseph Were Libyan companies pressure Shell, Total This month, the Kenya Petroleum Refinery Ltd in Mombasa is set to close for routine maintenance. As a result, Uganda could suffer disruptions in supply. The Mombasa refinery shutdown also comes at a time of significant developments in the fuel sector. Top …

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Tamoil is only for the oil pipeline

By Patrick Kagenda The along awaited oil pipeline could be complete by the end of the year if everything goes according to plan. The Independents Patrick Kagenda talked to the State minister for Energy, Simon D`ujanga on the progress made. There are many types of Tamoil i.e. Tamoil Libya, Tamoil …

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Mini oil refinery to go ahead“ D’Ujanga

By Agencies Uganda plans to go-ahead with the construction of a mini-refinery for its two billion barrels of crude reserves after previously ruling the idea out, the state energy minister said. Investor interest is heating up for Uganda’s oil discoveries since explorers Tullow Oil and Heritage Oil discovered hydrocarbons in …

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Tullow wins back Congo oil rights

By Independent Team & Agencies AS expected, Tullow Oil and its partner Heritage Oil have won back rights to explore for oil in the Democratic Republic of Congo after a year-long dispute, the country’s hydrocarbons minister, Rene Isekemanga Nkeka, has said. Congo’s previous hydrocarbons minister, Lambert Mende, in February 2008, …

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