Tag Archives: oil

By Agencies Ghana’s total revenue from the oil and gas find will represent less than five per cent of the country’s Gross Domestic Product (GDP), according to the Energy Minister, Dr Joe Oteng-Adjei. With the country’s current GDP at well over $18 billion, Dr Oteng-Adjei said the total revenue to …

By Agencies Uganda’s oil production target could more than double to 350,000 b/d by 2018 from the current target of 150,000 b/d in 2013 if the right business plan is adopted, according to Tullow Oil PLC. “When the oil basin is in full production, we are probably talking about 350,000 …

By Jocelyn Edwards Despite a setback last week, activists and journalists in the campaign for the release of Uganda’s oil Production Sharing Agreements (PSAs) vowed to continue fighting, striking against the walls of government secrecy until they fall. Two Daily Monitor journalists will appeal the decision of a Nakawa court …

By Independent Team Kenya mulls pulling out The Kenya government is weighing the fate of its plan, jointly with Uganda, to extend the oil pipeline from Eldoret to Kampala. It cites the escalating cost and the uncertainty around the project since Uganda discovered oil and started plans for an inland …

By Samuel Olara Uganda is in the midst of an ‘oil boom’ and continues to attract serious attention from the world’s major oil players. The ‘oil boom’ has predictably resulted in what appears to be “the global scramble for Uganda’s “crude gold filed”.Several international oil giants such as the Italian …

By Jocelyn Edwards Which company has the President’s blessings? Experts ask why President has locked out Parliament The wrangle over who will win the right to develop Uganda’s oil has turned from a tussle into an all-out brawl in recent weeks, with the Ugandan government at the centre. Multinational oil …

By Independent Team On October 16, 2009, University of Oxford’s Prof. Paul Collier in a public address at Serena Conference Centre in Kampala on the prospects of an oil windfall for Uganda criticized the decision making. ‘Avoid awarding oil contracts through secret negotiations because this increases the wall of suspicion. …

By Jocelyn Edwards When rangers discovered the remains of the only male reedbuck in Kabwoya Park in the sack of a Tullow Oil contractor, they found what are perhaps the first signs of the impact that oil exploration will have in one of Uganda’s protected regions. Authorities got concerned when …

By The Independent Team Interested company linked to bribery in Nigeria Plans to start refining Uganda’s oil may be delayed because of wrangling over new partners by the exploration companies, Heritage Oil and Tullow Oil. President Museveni in his New Year address to the nation on December 31, 2009, said …

  By Jocelyn Edwards The man who got Shs 250 billion from selling Uganda’s oil has a ‘deal with him at your own risk’ tag in financial circles The company that may have taken Uganda for a ride in the deals for one of its most valuable resources is headed …