Tag Archives: oil

Museveni fight with oil firms threatens major project Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni’s dream of Uganda getting first oil by 2020 has been hit by a double blow from two international oil companies; Total E&P Uganda and Tullow Oil Uganda. Museveni is battling the two companies on …

Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent. Features, news analysis. COVER STORY Bad oil deal: Museveni fight with oil firms threatens major project THE LAST WORD Africa’s highway to a dead-end: Why our obsession with foreign direct investment as a driver of our …

Tehran, Iran | AFP | Iran on Saturday accused US President Donald Trump of destabilising the oil market with his flurry of tweets taking aim at the OPEC cartel. “These days… the price is dependent on the behaviour of Mr. Trump,” Iranian Oil Minister Bijan Namdar Zanganeh said on state television. …

Khartoum, Sudan | AFP | Sudanese President Omar al-Bashir on Monday appointed new oil and foreign ministers in a major cabinet reshuffle that saw four other ministers changed amid a worsening economic crisis, state media reported. The reshuffle comes weeks after Bashir sacked his previous foreign minister Ibrahim Ghandour following …

Khartoum, Sudan | AFP | Saudi Arabia will supply Sudan with millions of tonnes of oil for the next five years to help it tackle a growing energy crisis, the African country’s oil minister said Monday. Sudan has been hit with an acute fuel crisis for weeks now, sending black …

Kampala, Uganda | JULIUS BUSINGE | Uganda needs to team up with other countries under the East Africa Community, the Great Lakes Region and other African regions in the oil development process ahead of oil production slated for 2020 if it is to benefit from the resource, according to the United …

Kampala, Uganda | THE INDEPENDENT | Uganda and Tanzania have agreed to further fast track their plans for the construction of the $3.5 Billion East Africa Crude Oil Project. The Ministers of Energy from the two countries together with their Attorney Generals met for another round of negotiations over the project …

Kampala, Uganda | THE INDEPENDENT | A new exploration window for oil exploration in the Lake Albert Basin will be in 2019. The Permanent Secretary in the Ministry of Energy and Mineral Development, Robert Kasande, revealed this at the 4th Oil and Gas Convention ongoing in Kampala. Giving an update on …

Kampala, Uganda | THE INDEPENDENT | The roads to critical oil spots and installations will be in at least motorable state by the First Oil in 2020. This assurance has been given by UNRA’s Director of Design and Projects, Eng Isaac Wani, at the 4th Annual Oil and Gas Convention ongoing …

Washington, United States | AFP | Crude oil prices are expected to jump 23 percent this year amid strong economic growth, while metals prices are rising, hit by ongoing trade tensions, the World Bank said Tuesday. The World Bank raised its forecast for oil prices to an average of $65 a …