Tag Archives: oil

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 …

By Magelah Peter Gwayaka Legal framework should provide for proper funding and accountability mechanisms for all oil revenues Since the confirmation of commercially viable quantities of oil in Uganda in 2006, a lot of debate has gone into answering two important questions: What will be the role of the State …

By Ronald Musoke Excitement as estimate of Uganda’s oil reserves jump to 6.5 billion barrels On Aug.28, the government revised upwards the country’s petroleum resources by over 85% to about 6.5 billion barrels of oil initially in place. This was an upgrade of the 3.5 billion barrels of oil, which …

By Haggai Matsiko How close links to Mbabazi  cost Chinese US$3bn deal When Uganda’s Prime Minister Amama Mbabazi visited China in June last year, he met with Wang Yilin, the chairman of China National Offshore Oil Company (CNOOC).   At the time, The Independent heard from sources that the two discussed …

By Haggai Matsiko Loic Laurandel served as Total Exploration & Production General Manager for four years. The Independent’s Haggai Matsiko spoke to him about his tenure before he left for Bolivia. As you depart, if someone asked you, `how is the oil sector in Uganda?’ what would be your summary? …

By Andrew M. Mwenda Dr Duncan Clarke, author of the `Crude continent: The struggle for Africa’s Oil Prize’ and CEO of Global Pacific & Partners spoke to The Independent’s Andrew Mwenda. Assuming president Museveni called you and said look, Duncan I want you to be my advisor, how do I …

Uganda has moved another step closer to tapping its first oil by signing a memorandum of understanding[MOU] with all the oil companies currently involved in developing the country’s oil resources. The conclusion of the MOU which was signed on Feb.5 by the government and the Chinese National Oil Offshore Company …

By Yemisi Akinbobola Lessons for Uganda as Nigerian villagers lose lawsuit against oil giant In a stunning and dramatic legal ruling that echoed from the serene court chambers in the Netherlands to the heart of rural Niger Delta in Nigeria, the District Court of The Hague dismissed all but one …

By Kavuma-Kaggwa With the oil and gas money we should provide completely free education, health and health We are now swimming in an extremely massive financial catastrophe following the stopping of the donor funding amounting to Shs930 Billion which was being given to our country every year by European countries …