The recent discovery of extra natural gas reserves in Tanzania could turn Eastern Africa into a world oil hub business experts have expressed optimism. Tanzania announced an increase in its gas deposits in the last 12 mouths following a number of discoveries in offshore blocks. The discovery of new Oil deposits in the East African
Oil Market: OPEC defiant on supply despite persistent fall in prices
As Crude oil prices continue to slide on the global oil market, the Organisation of Petroleum Exporting Countries (OPEC) has expressed Optimism on the performance of the market saying that the world oil demand will increase in the Second half of 2015 and 2016. OPEC made the observations in 167th Extra ordinary meeting held in
Oil and Politics: Nigerian president Buhari expected to takeover Oil Ministry
Newly elected president of Nigeria Muhammadu Buhari is expected to appoint himself as head of the Oil Ministry reportedly over the massive corruption in the industry sources have said. As the nation eagerly awaits for the new cabinet, a source in Nigeria told reuters that the oil sector is so dirty that nobody’s hands are
Uganda Ministry of Energy expert says Oil sector is attractive despite Oil price threats
In an article published by the New vision on May 7, 2015, investment experts cautioned Uganda to take careful strides as the nations looks to spending in the budding oil and gas sector. Experts observed that since the nation was entering a highly speculative and competitive market, it was prudent to observe major international oil industry