Uganda’s Multi-billion dollar refinery project has hit another huddle after South Korean consortium, SK Engineering turned down the offer to return to the negotiation table. SK was Uganda’s next alternative after the preferred consortium led by Russian firm RT Global (Leader) pulled out at negotiation in July 2016. It is not yet clear why the Russian Defense
New ‘Panama papers’ Expose Oil Companies and Gov’t Officials in Misuse of Corporate and Political power in Africa
Nearly four months after the initial release of the Panama Papers, investigations into the use of offshore accounts to channel illegal funds have now revealed a large-scale network of offshore deals that took place across Africa. Many of these deals expose misuse of corporate power towards paying exorbitant bribes to win control of natural resources
Chinese Giant CNOOC awards Over $8000 to Uganda Examination stars from Oil-rich Albertine Graben
Chinese firm China National Offshore Oil Corporation (CNOOC), rewarded 90 students in oil-rich Albertine graben for shining in last year’s national examinations. CNOOC is the major operators of Kingfisher oil well, located in Kyangwali Sub-county, Hoima district. The winners were are the best performing students in from across various lower education levels including; Primary Leaving
Here is Why Ugandans Must work together to fight the secrecy around Crude Oil Export Pipeline Project
By Dickens Kamugisha… Late last month, a decision on the route Uganda’s crude oil export pipeline will take was agreed upon between Uganda and Tanzania. However, given that the decision was made by the government without our participation as citizens, we must quickly come together to discuss the consequences of such secretive decisions. Available evidence
Oil Pipeline Project: Uganda and Tanzania Officials Meet to set Completion Timeframe
Uganda and Tanzania are working to expedite the completion of the crude oil export pipeline before 2020, a latest communique has suggested. The announcement came on a backdrop of a stake holders engagement workshop between petroleum officials from both countries in Dar es Salaam. The meeting follows a decision by Uganda to route its oil
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
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
Uganda’s Prime Minister Commissions Ikamiro-Kingfisher Road
In 2006, Uganda discovered an oil field that is now locally known as the Kingfisher Oil Field. Plans for extracting oil were delayed due to several reasons, but one of the biggest obstacles that the government faced was access to the site. The oil field can only be approached by helicopter or on water, making it difficult for
Kenya in preparation to see crude sales in 2016 as Uganda remains uncertain
Speculative media reports coming from Kenya say the country is in preparation to pump its Oil deposits from Lokichar valley to the International market in early 2016. According to Oil News Kenya, the nation’s leadership has reached significant discussions on the issue with the latest being using road transport means as the nation awaits the
Somalia is Investigating the ‘Soma Oil bribery Scandal’—Foreign minister
The Somali government has launched investigations into the alleged bribery scam related to British exploration firm Soma Oil and Gas, which has been searching for oil in the horn of Africa state. Britain’s Serious Fraud Office (SFO) said on July 31 it had launched a criminal investigation into Soma Oil, although it did not outline