Talks between Uganda and Kenya over a crude Export pipeline have closed without the two sides reaching a conclusive agreement on the $4 billion deal. According to a joint press statement from Kenya Energy Ministry, the talks chaired by Uganda President Yoweri Museveni in Nairobi only ended at presentations and haggling from the technical Team
Video: Global Witness tightens Campaign against Uganda’s Oil Exploration Licence in Lake Edward
London based civil society campaigner, Global witness has tightened opposition against the government of Uganda’s decision to issue Oil Exploration licences for blocks within Lake Albert and surrounding areas. In a latest animated ‘call-for-action’ campaign video, Global witness highlights the level of environmental damage and social-economic risks associated with oil exploration activities in the smallest
Uganda Must be Smart to profit from both Challenges and Opportunities of the Oil Sector—Expert
By Silver Kayondo… Oil prices have plunged again after China and South Korea posted weak economic results, while fading prospects for a coordinated output cut by leading crude exporters to reduce over-supply continue to hurt the market. China’s manufacturing sector has contracted at the fastest pace since January 2012, adding to the pile of worries
Opinion: Why oil and gas was a tie-breaker at Uganda’s Innaugral presidential Candidates’ debate
By James Muhindo… Uganda recently held a presidential candidates debate on January 15, 2016 at the Kampala Serena Hotel. The debate was organised by the Inter Religious Council on conjunction with the Elders Forum chaired by Justice Ogola. One of the outstanding issues from the debate that has continues to trend both on social and
IMF predicts higher Economic growth rate for Mozambique from new Gas discoveries
By Agencies… The International Monetary Fund (IMF) predicts that Mozambique’s average growth rate during the first half of the next decade could reach the staggering figure of 24 per cent per annum. This optimism is based on the assumption that gas processing facilities in the Rovuma Basin, in the far north of the country, will
Opinion: The Fall of Oil prices is an alarm Government of Uganda should not Ignore.
By Adellah Agaba Oil production is set to begin in 2017 and this has generated anxiety and expectations which are already a threat to peace in the country, not only to humankind but to the environment, economy and ecology. The discovery of oil and gas in any country worldwide causes impeccable excitement because it is
South Sudan seeks to renegotiate Crude Transportation Charge with Khartoum
South Sudan has asked immediate neighbor Khartoum to lift the lease of crude oil transportation facilities and cost due to danger posted by current market prices. South Sudanese Foreign minister, Barnaba Marial Benjamin made the appeal in an interview with Ashrooq television in which he noted that the country’s proceeds from oil had narrowed due
We should streamline auditing procedures for the Petroleum Fund—Expert
By Silver Kayondo… Recently, the New Vision reported that the Petroleum Fund held by Bank of Uganda has so far received a deposit of $63 million (about Shs212 billion) from the business activities of oil companies accruing from VAT, income tax and signature bonuses. It was further reported that an additional $244million (about Shs821 billion)
Indecision on Export Pipeline is delaying Upstream Development for Uganda and Kenya Oil sector—Expert
By Jonathan Markham… Oil and gas exploration in the East African Rift System has been gaining momentum since 2000, with an upturn in the number of wells drilled and licenses acquired, primarily driven by mid-size independents and national oil companies. The first major discoveries were made in the Lake Albert area of Uganda by Tullow
Export Pipeline needed to enable Commercialization of Uganda and Kenya Oil—Expert
With recoverable oil reserve estimates of approximately 750 MMbbl and 600 MMbbl in Uganda and Kenya, respectively, and with government share of the reserves expected to be about 30–50%, the potential impact on economic development in these countries could be great. However, new infrastructure, including an export pipeline, is required to enable commercialization of these