Tag Archives: oil

Kampala, Uganda | URN | As Uganda moves closer to commercial oil production, Energy and Mineral Development Minister Dr. Monica Musenero Masanza has challenged the country to look beyond oil revenues and focus on using the sector to build industries, create jobs and transform the economy. Speaking at the Uganda …

    COMMENT | ALI SSEKATAWA | When President Yoweri Museveni met the Uganda Cranes team following their exit from the AFCON 2025 campaign, he drew on his military experience to deliver a lesson that transcended football. He reminded the players that every force has an Area of Responsibility (AOR) …

NEWS ANALYSIS | URN | Nearly two decades after commercially viable oil was discovered in the Albertine Graben, Uganda is edging closer to a milestone that successive governments have described as transformational. According to recent reports, TotalEnergies indicated that first oil from the Tilenga Project should begin flowing around September …

  WASHINGTON | Xinhua |  U.S. President Donald Trump said Sunday that negotiations with Iran will begin Monday afternoon, noting that Saudi Arabia, the United Arab Emirates (UAE) and Qatar had asked the United States to call off planned strikes because “they think there’s a deal.” “There’s a deal on …

Hoima, Uganda | URN | The petroleum sector continued to register steady progress during the quarter ending June 30, 2026, with major oil infrastructure projects moving closer to completion while Ugandan companies secured additional contracts under the country’s national content programme. According to the latest quarterly update by the Petroleum …

  Kampala, Uganda | URN | The effects of the conflicts in the Middle East and Eastern Europe have dominated the 29th Ordinary Meeting of the Monetary Affairs Committee of the East African Community, which just ended in Uganda. All seven governors of the central banks (minus DRC) decried the …

  The proposed refinery in Lamu is the company’s first effort to export the industrial model behind its Lagos refinery, potentially providing a blueprint for replicating large-scale African industrial projects across multiple countries.   SPECIAL REPORT | BIRD AGENCY | Dangote Industries is attempting to replicate the industrial model behind its …

  COMMENT | NOURIEL ROUBINI | The Persian Gulf is in an unstable disequilibrium. There has been no lasting deal to reopen the Strait of Hormuz, because the United States and Iran remain far apart in their demands, with the Iranians holding more leverage than President Donald Trump ahead of the US …

  SPECIAL REPORT | BIRD AGENCY | Nigeria’s discovery of a major new critical minerals province reflects a broader shift as Africa’s leading oil producers invest in mining to diversify their resource economies. The strategy aims to reduce dependence on a single commodity by expanding exploration, attracting mining investment and building …

  Settlement with BB Energy restores crude-backed financing access while underscoring the need for careful management of future petroleum revenues   Juba, South Sudan | AGENCIES |  South Sudan has regained limited access to advance financing against its future crude oil exports after reaching an agreement with commodities trader BB …