Abuja, Nigeria | Xinhua | Nigeria aims to end the importation of petroleum products by 2024 when local refineries are expected to be fully functional, an official said Monday. Minister of State for Petroleum Resources Timipre Sylva told reporters during a press briefing in Abuja, the Nigerian capital, that the refining …
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Tehran, Iran | Xinhua | Tehran and Moscow on Tuesday signed a memorandum of understanding, based on which the latter is expected to make an investment worth roughly 40 billion U.S. dollars in Iran’s petroleum industry, the Iranian Oil Ministry’s news service Shana reported. The document was signed during an online …
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Kampala, Uganda | THE INDEPENDENT | Government agencies and petroleum marketing companies are divided on whether or not to resume the countrywide crackdown on fuel stations that violate standards. These activities were suspended when COVID-19 broke out more than two years ago and movement became more restricted. The crackdown involved checking the …
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Kampala, Uganda | THE INDEPENDENT | The government is considering a policy that will allow authorities regulate the costs of some essential commodities like petroleum, to protect consumers from exploitation. This follows the uncontrolled hike in prices of fuel by more than 33 percent over the last one year, with the …
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Hoima, Uganda | THE INDEPENDENT | The government has launched the National Oil Spill Contingency Plan, a disaster preparedness and management framework, in case of an oil spillage incident in the industry. The plan is aimed at preventing or managing disasters that may arise when a liquid or semi-liquid petroleum …
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Lamwo, Uganda | THE INDEPENDENT | The police in Lamwo district has arrested five people for allegedly smuggling petroleum products from South Sudan into Uganda. The suspects were arrested on Wednesday in a joint operation conducted by the security personnel and enforcement officers of the Uganda Revenue Authority-URA. Lamwo Resident District Commissioner …
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Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) will now retain a portion of the proceeds from the sale of petroleum products following the passing of the Public Finance Management (Amendment) Bill, 2021. During the Tuesday plenary sitting chaired by Deputy Speaker Anita Among, legislators amended the …
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Kampala, Uganda | THE INDEPENDENT | Civil Society Organizations have cautioned that allowing the Uganda National Oil Company (UNOC) to retain petroleum revenue will mark the beginning of an oil curse in Uganda. They have now asked the finance committee of Parliament to reject a proposal by the government to have UNOC …
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Lagos, Nigeria | AFP | The lagoon waters at the port entrance to Lagos, Nigeria’s economic capital, are usually teeming with small fishing boats. But the bustling waterfront slums of Lagos are now quiet after the navy evicted tens of thousands of residents from their homes in recent weeks. The evictions …
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NEWS BRIEFS: Anti-corruption civil society agencies have warned the government against withdrawing money from the Petroleum Fund without following a structure to oversee the expenditure as required by law. Transparency International Uganda and the Anti-Corruption Coalition Uganda top executives said Oct.21 they were alarmed at the recent announcement …
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The Independent Uganda: You get the Truth we Pay the Price