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Uganda’s Oil still far from production due to infrastructure challenges
Output from Ugandan crude deposits being developed by companies including Tullow Oil Plc and Total SA is unlikely to be exported as soon as the nation expects because of the scale of the infrastructure projects required to transport the fuel out of the country, bloomberg reports. The government of Uganda, where oil was discovered in 2006,
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Uganda, Tanzania agree to Speedup Crude Oil Export Pipeline Construction
Tanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors. The decision was reached during talks between Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni, in Kampala on Thursday, Magufuli’s office said in a statement
Somalia eyes Prospective Oil Reserves on its Coastline as Fragile Security torments Attempt
Somalia looks more likely to strike oil than gas in its long pursuit of offshore riches, making it easier for the African state to exploit any windfall but also potentially upsetting the fragile recovery led by its Western-backed government. The waters off Somalia, best known for years of piracy, may harbour hydrocarbons at a depth
Here’s how Pieces of Legislation in East Africa are setting the Oil Sector on Solid ground
Diana France and Michael Burgess of Holman Fenwick Willan and Isaac Kabuye of the Ugandan Directorate of Petroleum assess recent reforms to the legal framework for oil and gas exploration and production within Kenya, Uganda and Tanzania, aimed at encouraging foreign direct investment, and modernising sectoral regulation. At the time of the oil price drop
Stanbic Bank eyes Financing Uganda Oil and Gas Industry Players—Papers
Stanbic Bank, one of the lead players of Uganda’s banking sector says is planning to rolled out specific financial services targeting the oil and gas industry, Daily Monitor reports. While officially opening a new branch in the oil-rich Hoima, the banks Executive Director Kevin Wingfield said Stanbic Bank has prioritized the oil and gas industry
Nigeria: Blast Hits One of Major Oil Pipelines in Nigeria
A blast on Tuesday rocked a pipeline operated by Nigeria’s state-run oil firm that feeds the Forcados terminal in the southern Niger Delta energy hub, a spokesman for Nigerian National Petroleum Corp (NNPC) said. The explosion occurred while the pipeline was being repaired following an attack last week, NNPC spokesman Garba Deen Muhammad said. A
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