By James Karama… A few months ago, I was honoured to be part of a delegation that visited Nigeria on an oil and gas local content study tour, the group was drawn from both the public and private sector. The trip was funded by the World Bank – Uganda office. We visited 11 institutions, including:
By Christina Malmberg Calvo Uganda is striving to achieve middle income status by 2040, and a lot of optimism and hope is riding on the 6.5 billion barrels of crude oil in the Lake Albert basin. Many natural resource countries, however, have not fared well, and are struggling with inflationary pressures that affect competiveness, unsustainable
Tanzanian’s liquefied natural gas project is facing delays after the recently enacted Petroleum Act 2015 introduced new requirements that must be met before it proceeds. Major Operator of Tanzania gas field Solo in a statement earlier said that initial gas production commenced on April 4, 2016 and is expected to be delivered to the gas
By Edward Ronald Segyawa and Frank Mulder…. The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: “Why have we ever signed this?” Earlier this year, the French oil company Total filed a request for
NAIROBI The government of Somalia openly opposed United Nations’ move to halt all oil deals in the country as a way of curtailing insecurity in the horn of Africa state, Finance Minister Mohamed Adan said. A new UN Monitoring Group report on Somalia, to be released in mid-October, 2015, will reiterate a recommendation first made in
ANALYSIS A decade of decadence has come to an end for African oil producers. International oil prices have fallen from last summer’s $100 per barrel highs, to averages of $56 in the first half of this year. After generating hundreds of billions of dollars in wealth over a commodities super-cycle, Africa’s big oil producers are
Uganda and Kenya have finally settled on 1,380-kilometre Crude Oil pipeline which will run from Uganda’s Oil rich Albertine graben through Lokichar basin in Northern Kenya to the coastal town of Lamu. The announcement of the agreement is a climax of a series of bilateral talks between the two countries in the respective regional northern
Just a months after formation in 1985, Tullow Oil plc registered significance recognition following the signing of a license agreement in Senegal in 1986. This success is what the current oil giant, has capitalized on to establish itself in the murky oil market. According to the company’s founder and Chief Executive Aiden Heavey, the concept
London based Standard Chartered Bank has been named new financial investment adviser in Mozambique State Oil and gas company Empresa Nacional de Hidrocarbonetos’, (ENH) in a highly competitive bid process Standard Chartered in a joint partnership with Mozambique’s largest bank Millennium BIM out competed several others including British multinational banking and financial services HSBC and local partner Banco Unico
A World Bank pledge of a $ 600 million injection into the Uganda-Kenya gas pipeline construction deal went to the annals of history as among the major oil infrastructure investments in the region. As states in the East African Community (EAC) bloc move to tackle major economic challenges a head of integration, the oil and