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Tanzania Oil and Gas Expo 2015 to expose East Africa Oil sector to multinational opportunities

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The inaugural edition of the Tanzania Oil and Gas Expo in which exhibitors from over 20 countries are showcasing knowledge, expertise and innovations needed for the development of…

Uganda Prime Minister ask investors for cooperation in development of Oil Sector

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Uganda Prime Minister Dr. Ruhakana Rugunda asked investors and major stakeholders in the country’s Oil and gas sector to work together in order to expedite the development of…

World is eagerly waiting for East Africa Oil and gas Fields—Expert

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The Oil and gas reserves in the East African states of Uganda, Kenya, Tanzania and Mozambique, present unique investment opportunities which Multinational oil companies are eagerly waiting to…

Tullow Oil agrees to settle $250 Million tax dispute to Uganda

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Tullow Oil plc  has agreed to settle the outstanding Capital Gains Tax  (CGT) bill to the government of Uganda and it’s Tax regulatory body Uganda Revenue Authority (URA)…

Tanzania new Oil law seeks to strengthen state control in Oil sector

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Tanzania’s new Oil and gas law,  The Petroleum Act 2015, currently awaiting debate in National assembly highlights a number of provisions aimed at giving state an upper hand…

Nigeria: New government to privatize Refineries and cut subsidy on imported fuel

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The new Nigerian government is finalizing plans cut expenditure on fuel subsidies and privatize four of its low capacity refineries in the latest economic recovery attempt. A source…

Environment activists ask Uganda Energy Ministry to check sub standard fuel dealers in Oil region

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Environmentalists in the oil rich western region of Uganda have asked the Ministry of Energy and Mineral Development to issue a directive compelling petroleum dealers to relocate fuel stations from…

African Development Bank advise Uganda and Tanzania on oil revenue management

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The African Development Bank has given fresh policy contributions and advice to new Oil producers on how to leverage oil, minerals and gas resources to improve human development…

Oil and the Budget: Uganda to track new infrastructure projects in Oil and gas

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In a bid to fast track the commercialization of oil and gas, Uganda has widened its infrastructure scope to include a  speedy construction process of an air field…

British Oil firm bribed DR Congo army boss to aid illegal drilling in National park–Global witness

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A British Oil firm Soco International paid an amount totaling to $15,600 to an army officer in Democratic Republic of Congo to cover up its illegal oil exploration…