Tag Archives: oil

CARACAS | Xinhua |  Venezuela’s National Assembly on Thursday passed a partial reform of the Organic Law on Hydrocarbons proposed by the country’s acting president Delcy Rodriguez earlier this month. “Approved unanimously. Consequently, the Organic Law on Hydrocarbons is hereby enacted for history, for the future, for our daughters and …

  COMMENT | ALI SSEKATAWA |  They say “the sun that rises slowly lasts till evening,” and 2026 is shaping up to be such a year for Uganda — one unfolding with steady confidence and carrying the weight of significant national promise. January is quietly taking its bow, February waits in the …

COMMENT | VALI NASR |  Iranians have taken to the streets to protest the collapse of the country’s currency and surging inflation, with many calling for an end to the Islamic Republic. Yet the government’s response has differed from earlier waves of unrest. Whereas Iran’s rulers were quick to suppress …

Today, confronted with deepening domestic strains and an increasingly contested global position, Washington has shed its veneer of moralism and is resorting more openly to naked force to impose its will on other countries. COMMENT | XINHUA |  Far from a triumphant display of strength and Western Hemisphere dominance as …

NEW YORK | Xinhua |  U.S. President Donald Trump on Friday promoted his plan of securing investment of at least 100 billion U.S. dollars to rebuild Venezuela’s oil industry in a meeting with U.S. oil company executives at the White House. Trump urged major U.S. oil companies to participate in …

CARACAS, VENEZUELA | Xinhua | After explosions rocked Venezuela’s capital, Venezuelan President Nicolas Maduro and his wife were captured and flown out of their country by the U.S. military on early Saturday to New York, leaving the country in a state of emergency. U.S. President Donald Trump insisted Sunday the …

Kampala, Uganda |  Xinhua |  Uganda has been racing to bring its oil and gas fields in the west of the country into commercial production, a long-awaited milestone that officials said could propel the East African nation onto a path of double-digit economic growth from 2026. Ugandan President Yoweri Museveni …

Critics have compared the offensive against Venezuela to the Iraq war, citing a familiar mix of regime-change rhetoric and security pretexts, whose fundamental aim is to serve Washington’s oil interests. BEIJING | Xinhua | Since late August, the United States has ramped up military presence in the Caribbean off Venezuela’s …

MOSCOW, RUSSIA | TASS | Uganda is interested in cooperation with Russia in the oil and gas sector, head of the International Legal and Social Affairs Department at the Ministry of Foreign Affairs of Uganda John Leonard Mugerwa told TASS. “Russia has extensive experience and expertise in the energy sector, …

 A total of US$2.2bn has gone to local firms, 17,000 jobs created & a skilled generation is ready for first oil Kampala, Uganda | JULIUS BUSINGE | As Uganda stands on the cusp of its ‘first oil’ in late 2026, the nation is witnessing a paradigm shift in its oil …