Undercover reports emerging from the talks between Kenya and Uganda on Crude oil routing options indicate that Uganda has finally settled with Tanzania’s port Tanga as the Oil exit point. A senior Kenyan official told the The East African newspaper on Saturday that Uganda had stuck to the route between Hoima and Tanzania’s Tanga Port route instead of
New Report projects Kenya annual Oil Revenues between $2.6 billion-$5 billion at Peak
At the commencement of Kenya oil production in 2021 (Ceteris Peribus), national revenues will peak at USD 2.6 billion per year with oil prices at $45/bbl and rise to more than USD 5 billion per year at $85/bbl. The details are reviewed in a report titled , “Potential Government Revenues from Turkana Oil” Released by the Kenya
OPEC Report: Nigeria slumps in Oil Production, Angola Now New Africa Oil Producing giant
As the crash in crude continues to hit hard on the country’s economy, Angola is now the number one oil producing nation in Africa, taking over the position of Nigeria. In its latest monthly report, the Organisation of Petroleum Exporting Countries, OPEC, said Nigeria’s oil production fell by 67,000 barrels per day (bpd) in March. The
Why Uganda must win hearts of Environmentalist if it chooses Tanzania in Oil Pipeline Project
The signs are clear that Uganda is considering Tanzania Northeastern Port of Tanga as the most profitable route for it’s oil export pipeline project other than Kenya’s Lamu. This move is likely to be a thorn in Kenya’s foot if the amount of technical investment East Africa’s economic powerhouse has incurred to bring the project
District Admistrators Want Uganda government to Review Oil Revenue sharing Law
District administrators in Uganda have asked government to review the oil revenue sharing legislation as a precursor for proper management of the proceeds from the nations budding oil sector. Speaking at a workshop in Kampala, the lower government administrative officers cited The Public Finance Management Act, which they said poses challenges in the operationalization
Uganda should Use Oil Slump period to Develop National Expertise in Oil Sector, Norwegian Official
The current oil slump is an opportunity for Uganda to develope the national expertise needed to harness opportunities which the sector presents, a Norwegian official has advised. The statement formed basis of a presentation by Norwegian Embassy in Uganda’s Counselor of Trade and Energy Peter Christophersen, during Youth Employment Forum at Makerere University. “Oil and
Continuing Development Of E-Business AND ITS Long term future PERSPECTIVES
Continuing Development Of E-Business AND ITS Long term future PERSPECTIVES The words E-trade is surely an abbreviation of electric trade, and is utilized to consider the skill of selling and buying offerings by consumption of digital systems like pc communities as well as on line. During computerized commerce, some other methods are driven such as;
Tanzania Starts Gas Production from Kiliwani North gas well
Major operators in Tanzania’s Kiliwani North Development gas project, Solo Oil plc and Aminex plc, have announced that first gas production has now been achieved from the Kiliwani North gas well. Solo in a statement said that initial gas production commenced on April 4, 2016 and is expected to be delivered to the gas to
Democracy: Shortcomings with the Innovative Democracy
Democracy: Shortcomings with the Innovative Democracy Democracy is product of governing whereby many people have ability to elect their business leaders instantly or ultimately dependant on reasons of liberty, flexibility, guideline of laws and constitutionalism. A democratic our society is known as sovereignty of your companion, social justice, comparative economic fairness, limit of strengths allowed