Tag Archives: oil

By Kayvan Farzaneh Growing interest in the oil sector has helped boost general confidence in Uganda’s wider economic prospects. The improved outlook rating could help Uganda access funds from international financial markets more cheaply. Last week, the international credit-ratings firm Fitch Ratings, for the first time, upgraded its opinion on …

Agencies In this article from Ratio Magazine, Andrea Bohnstedt speaks to Duncan Clarke, the Chairman and CEO of Global Pacific and Partners (GP&P), about Uganda’s emerging hydrocarbon sector, the creation of local refining capacity, and prospects for the sector in East Africa. Developments in Uganda’s petroleum sector have accelerated recently, …

By Patrick Kagenda Lead oil exploration firm, Tullow Oil Plc says it has nothing to hide.  But the government continues to hide the Production Sharing Agreements (PSAs) it has signed with Tullow and others. Why? Research shows that the more resources a country has, the fewer chances it has to …

By Patrick Kagenda The Independent’s Patrick Kagenda talked to Brian Glover, Tullow Oil’s Business Unit Manager for Uganda and East Africa. When is the Early Production Scheme (EPS) likely to begin? We are finalising details to put together an early power project in the Kaiso-Tonya area. Hopefully we shall have …

By Joseph Were Libyan companies pressure Shell, Total This month, the Kenya Petroleum Refinery Ltd in Mombasa is set to close for routine maintenance. As a result, Uganda could suffer disruptions in supply. The Mombasa refinery shutdown also comes at a time of significant developments in the fuel sector. Top …

By Patrick Kagenda The along awaited oil pipeline could be complete by the end of the year if everything goes according to plan. The Independents Patrick Kagenda talked to the State minister for Energy, Simon D`ujanga on the progress made. There are many types of Tamoil i.e. Tamoil Libya, Tamoil …

By James Herron After remarkable exploration success in Uganda, Tullow Oil PLC (TLW.LN) and Heritage Oil Ltd. (HOIL.LN) face tough choices over how to develop the oil they’ve discovered. Both companies face immense infrastructure challenges bringing the oil from its remote region to world markets. They have to walk a …

By Agencies Uganda plans to go-ahead with the construction of a mini-refinery for its two billion barrels of crude reserves after previously ruling the idea out, the state energy minister said. Investor interest is heating up for Uganda’s oil discoveries since explorers Tullow Oil and Heritage Oil discovered hydrocarbons in …

By Independent Team & Agencies AS expected, Tullow Oil and its partner Heritage Oil have won back rights to explore for oil in the Democratic Republic of Congo after a year-long dispute, the country’s hydrocarbons minister, Rene Isekemanga Nkeka, has said. Congo’s previous hydrocarbons minister, Lambert Mende, in February 2008, …

By Henry Zakumumpa A growing body of evidence suggests that oil, far from being a blessing to African countries is a curse. Without exception, every developing country where oil has been discovered has seen its standard of living decline and its people suffer, while its less endowed neighbours have gone …