Tag Archives: oil

Washington, United States | AFP Angola said Wednesday it had asked the International Monetary Fund for help after the crash in oil prices ravaged government finances. The IMF said discussions would begin next week in Washington on what could be a three-year support plan for the government. “The sharp decline …

Talks on construction of the Uganda-Kenya oil pipeline were not conclusive in Nairobi on Monday, with the two leaders Uhuru Kenyatta and Yoweri Museveni agreeing to let the technicians refine their proposals ahead of another meeting in a fortnight. The pipeline project, a key plank of the Northern Corridor Infrastructure …

By Morris Ogenga-Latigo The fact about oil in Acholi should be made widely known to Ugandans There has been reluctance on the part of Acholi people to engage in the head-spinning oil pipeline debate that various newspapers have covered over the recent past (see `Oil firms, govts differ on export …

By Ronald Musoke The French could scuttle Chinese plans for Uganda oil Tullow Oil Uganda, Total E&P Uganda, and the China National Offshore Oil Company (CNOOC) are the three partners in Uganda’s upstream sector. But a rift appears to be starting to emerge in their relationship over the routes the …

By Joan Akello Elly Karuhanga, Chairman Uganda Chamber of Mines and Petroleum (UCMP) talked to Joan Akello about its activities and the extractives industry. The date for first oil production was pushed from 2016 to 2017 and now 2021 or 2022? What do the delays mean? These delays have been …

By Ronald Musoke New oil waste treatment facility brings relief to communities In 2009, the international independent oil and gas exploration firm, Heritage Oil, then based in Calgary Canada, needed a site to dump thousands of tonnes of oil waste from its exploration activities in Uganda. It was sinking prospecting …

By Ronald Musoke In 2009, the international independent oil and gas exploration firm, Heritage Oil, then based in Calgary Canada, needed a site to dump thousands of tonnes of oil waste from its exploration activities in Uganda. It was sinking prospecting wells in the northern Uganda area of the Albertine …

By Dr. Ahmed Heikal A lot has been written and said about the potential impact the collapse in global oil prices might have on East Africa’s nascent hydro carbon industry. After five years of exciting new discoveries, the region had become one of the most promising new exploration frontiers, creating …

By Haggai Matsiko What did the country do wrong? When he arrived in Kampala from Paris in October 2014, the tough talking new Total E&P (Exploration and Production) boss Francois Rafin had one mission on hand; securing a production licence. Where the man he was replacing, Loic Laurandel, had cooed …

By Enock Nyorekwa Twinoburyo If sustained, current prices have implications for Uganda as an importer and potential medium term producer To economists, oil prices follow a random walk (volatile and unpredictable). This is the very reason many economists are reluctant to forecast oil prices. As a matter of fact, prices …