Tanzania has confirmed it is looking to owning about 8 percent stake or more in Uganda’s proposed 60,000 barrels per day refinery project. On addition to the Crude Oil Export Pipeline, proposed to run from Uganda Oil-rich Albertine graben to Tanzanian Northeastern Port of Tanga, the deal positions Tanzania as the leading regional partner in
Tanzania Remains Favorite Route for Uganda Oil Export Pipeline, Official says Kenya ‘Lost the Deal’
Undercover reports emerging from the talks between Kenya and Uganda on Crude oil routing options indicate that Uganda has finally settled with Tanzania’s port Tanga as the Oil exit point. A senior Kenyan official told the The East African newspaper on Saturday that Uganda had stuck to the route between Hoima and Tanzania’s Tanga Port route instead of
Analysis: How The Oil Price Crash Will Make Markets More Efficient
By Michael McDonald. Oilprice.com BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that as a result of low oil prices, subsidies have been cut on many petroleum products around the world. This is important in that it creates a more
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
Uganda approves Environment framework for Oil exploration activities
The government of Uganda has endorsed a policy framework that will regulate oil and gas activities within the oil rich Albertine graben in line with internationally acceptable environment conservation standards. The government took the initiative to develop the Strategic Environmental Assessment (SEA) from 2010 to 2013. According to an official statement from the minister of
Energy Ministry registers 17 multinationals for Oil exploration licencing
Uganda Ministry of Energy and Mineral Development has registered 17 companies for the Licensing Round for Petroleum Exploration, Development and Production of six blocks in the oil rich Albertine Graben. According to the Uganda Directorate of Petroleum , the Process of receiving the Request for Qualification ended on June 30, 2015. The Ministry registered seventeen valid applicants out