Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Uganda oil agreements: Why experts don’t know whether to celebrate or criticise THE LAST WORD Michela Wrong’s Rwanda hatchet job part 2: She was taken for a ride by Karegyeya, Kayumba, Sendashonga’s wife …
Read More »Gov’t, Oil companies yet to agree on tax, recoverable costs
Kampala, Uganda | THE INDEPENDENT | The government and oil companies have failed to reach a consensus on key issues which could potentially create more delays for the Final Investment Decision (FID). The delay is a setback to the planned construction of the pipeline and the refinery. The contentious issues …
Read More »Battle for gold
Why Africa Gold Refinery is unhappy with URA’s licensing of new refineries Kampala, Uganda | JULIUS BUSINGE | Executives at the East Africa’s largest refinery, Africa Gold Refinery are nervous about the future of the country’s precious industry. The firm’s Chief Executive Officer, Alain Goetz, said during the 2018 Mineral Wealth …
Read More »Optimism as govt, investors sign refinery deal
Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …
Read More »Albertine consortium gave sh7.4b before signing for refinery project
Kampala, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Consortium (AGRC) posted a commitment bond of USD 2 million (over 7.4 billion Shillings) before it signed the Project Framework Agreement with the government for the oil refinery. Emerging information from the Directorate of Petroleum at the Ministry of Energy indicates …
Read More »Behind the scenes in Uganda’s oil refinery deal
Kampala, Uganda | THE INDEPENDENT | The signing of the Project Framework Agreement between government and the Albertine Graben Refinery Consortium (AGRC) for USD4 billion oil refinery was a great relief to the Energy Ministry as it races towards first Oil by 2020. Sources at the Energy Ministry have indicated …
Read More »ANALYSIS: Museveni’s refinery deal
Museveni’s refinery deal: Now gov’t says in negotiations with GE-led consortium as Chinese protest Kampala, Uganda | HAGGAI MATSIKO | A fight between Chinese and American investors over the US $ 4 billion refinery deal could further delay the project, observers fear. These fears have been sparked by reports that …
Read More »VIDEO: Gov’t builds permanent homes for scores relocated for oil Refinery
VIDEO: Gov’t builds permanent homes for scores relocated for oil Refinery Kampala, Uganda | NTV UGANDA | Government has handed over 46 modern housing units to some residents of Kabaale parish, Buseruka sub-county in Hoima district where the oil refinery will be constructed. The beneficiaries were part of the 7,000 people …
Read More »Shell shuts down Europe’s largest refinery after fir
The Hague, Netherlands | AFP | The British-Dutch oil giant Shell said it was temporarily shutting down Europe’s biggest refinery after a pre-dawn fire broke out at a power station on the vast site on Sunday. Flames billowed into the sky over the port of Rotterdam after the blaze …
Read More »Italian giants Eni to build oil refinery in Nigeria
Abuja, Nigeria | AFP | Italian oil group Eni’s Nigerian subsidiary Agip is planning a 150,000-barrel per day refinery as part of efforts to reduce imports, junior oil minister Emmanuel Ibe Kachikwu said. Kachikwu met representatives from Eni and said agreement had been reached to build the facility in the …
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