Uganda ready for first oil – President Museveni

President Yoweri Museveni has refuted claims that Uganda oil production maybe overdue because of the slow policy implementation processes in the oil sector saying that all major decisions have been made to facilitate oil production. “What remains to be tested is the preparedness and readiness of you all and most especially the East Africans, our

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The institute in the last pricing window in July predicted a stability in the price of fuel

GHANA: Fuel prices to remain stable in August – IES

Gasoline Prices in Ghana remained unchanged at 1.01 USD/Liter. Prices of fuel are expected to remain unchanged for the first pricing window of August. This, is according to the Institute of Energy Security (IES). The institute in the last pricing window in July predicted a stability in the price of fuel. IES is however attributing the stability

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Nigerian oil exports to fall to 2018 low in July

Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day (bpd), loading plans showed on Monday, the lowest level so far this year. The export plan comprised 48 cargoes, compared with 60 cargoes and a daily rate of 1.796 million bpd in June, due in part to an outage

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GAMBIA: Fuel Prices increase again

The pump price of fuel has been increasing from D42 to D45.50 per litre in October 2017, despite a 40 percent decrease in price of crude oil at the time as acknowledged by the Minister of Transport. It was further increased to D48.16 in December 2017 and now it is being sold over D50 per

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NIGERIA: Marketers urge government to remove VAT on cooking gas

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged the Federal Government to remove Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) also called cooking gas. Its President, Nosa Ogieva-Okunbor, told reporters in Lagos that VAT payment on locally processed LPG makes it expensive and unattractive to imported LPG, which

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