The country is looking forward for oil production by 2020 Kampala, Uganda | RONALD MUSOKE | On Sep 14, the Ugandan government signed a production sharing agreement with the Australian Armour Energy Ltd and issued a petroleum exploration licence, the first under the competitive licensing round for oil and gas …
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Nairobi, Kenya | AFP | Kenya has delayed plans to export its first oil in June by three months to better negotiate revenue sharing with the local community, the country’s energy minister said Thursday. The announcement comes after reports in local media of security challenges in the arid northwestern Turkana …
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Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni and technocrats at the Energy Ministry are set to pick an investor for Uganda’s $4 billion refinery but details of what is emerging from negotiations and due diligence meetings is troubling. Insiders say the in-fighting, intrigue and lobbying that has undermined previous infrastructure …
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I suggest that on top of refunding the money, the Presidential Handshake beneficiaries each make a public apology – Anna Adeke Kampala, Uganda | GODFREY SSALI | Uganda’s Parliament has overwhelmingly approved recommendations from its Committee on Commissions, Statutory Authorities and State Enterprises requiring 42 public officials to refund Ushs 6 billion shared out …
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Push for regional logistics hub status is `selfish’ says Museveni Uganda is grappling with a logistical nightmare of importing tonnes of machinery for its nascent oil industry but, in a classic move of seizing opportunity in a crisis, operators are seeking to turn the country into an East African …
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Kampala, Uganda | PWATCHUG| Former Energy Minister, Syda Bbumba has feigned ignorance of the content in an oil production sharing agreement that led to a $157 million tax waiver to Tullow Oil Company. Bbumba is in the eye of the storm after President Yoweri Museveni, while meeting legislators on the …
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Lokichar, Kenya | AFP | Kenya plans to export its first oil in June, but analysts say the test phase faces major challenges and appears motivated primarily by political considerations just months ahead of elections. British company Tullow announced the discovery of oil in Kenya in March 2012, when prices …
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Whoever breached the law in the six billion shilling oil cash payout must face the law – Museveni The chairperson of Uganda’s parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) Abdu Katuntu has said President Yoweri Museveni wants the solicitor General to account for sh5.6 billion supposed to have …
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Oil pundits sees Tullow Oil plc.’s new share sale a strategy to exit the country’s oil sector London-Based Tullow Oil plc’s announcement that it is once again scaling down its stake in Uganda’s oil development, shedding off nearly two thirds of its shareholdings to the rival firm, Total E&P for …
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Kampala, Uganda | THE INDEPENDENT | Tullow Oil plc (Tullow) has announced it will cease to be a key oil operator in Uganda and that it has agreed a substantial farm-down of its assets to Total E&P Uganda B.V. (Total). In a press statement released Monday, Tullow said that once the …
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The Independent Uganda: You get the Truth we Pay the Price