Kampala, Uganda | Xinhua | Uganda has appointed global energy and commodities trader Vitol to market the country’s crude oil allocation ahead of planned exports early next year, the Uganda National Oil Company (UNOC) said Monday. According to a statement issued by UNOC, Vitol will market the crude oil allocation …
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20 years after the discovery announcement, ‘Pearl Sweet’ marks the moment Uganda’s crude moves from political promise to commercial test Kampala, Uganda | RONALD MUSOKE | After almost 20 years of waiting, Uganda has finally given its oil a name. President Yoweri Kaguta Museveni unveiled the name “Pearl Sweet” …
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Dar es Salaam, Tanzania | URN | President Yoweri Kaguta Museveni of Uganda and Samia Suluhu Hassan of Tanzania have endorsed a landmark Memorandum of Understanding (MoU) aimed at reshaping East Africa’s energy economy by shifting the region’s focus from crude oil exports to building an integrated regional energy and …
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Kampala, Uganda | URN | The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The …
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KAMPALA, UGANDA | Xinhua | Uganda may continue to experience fluctuations in fuel pump prices due to global oil market dynamics, but the country has sufficient fuel reserves, the state-run Uganda National Oil Company (UNOC) said. In a statement issued on Tuesday, UNOC attributed potential price variations to factors including …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s fuel prices have edged up by around 5% amid rising tensions in the Middle East, but strong reserves and reforms in the country’s procurement system have limited the impact on consumers. Petrol and diesel remain below previous highs recorded before the Uganda National …
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Participation is secured, but profitability and prudence remain under scrutiny Kampala, Uganda | RONALD MUSOKE | For more than 50 years, Uganda depended on its eastern neighbour, Kenya, to transport the fuel that powers its economy, but had little influence over the infrastructure and pricing decisions shaping that supply. That dynamic …
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Kampala, Uganda | THE INDEPENDENT | New details have emerged about Uganda’s participation in the Kenya Pipeline Company (KPC) Initial Public Offering, shedding light on how the country will protect its strategic interests in the critical fuel import pipeline. The Cabinet on Monday approved the Government of Uganda’s participation in …
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Nairobi, Kenya | THE INDEPENDENT | Uganda has finalized negotiations with Kenya over Kampala’s participation in the upcoming Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC), marking a significant strategic shift in regional energy diplomacy. Energy Minister Ruth Nankabirwa Ssentamu and Attorney General Kiryowa Kiwanuka led a high-level …
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Uganda’s Oil Export Process Did Not Just Delay; Due diligence was meant to maximise benefits for the country COMMENT | CAROLYNE MUYAMA | Last week, President Yoweri Kaguta Museveni met with President Samia Suluhu Hassan of Tanzania in Dar es Salaam. The main topic of their talks was the East …
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The Independent Uganda: You get the Truth we Pay the Price
