By John Odyek Added 22nd January 2020 12:29 PM Tom Ayebare Rukundo the manager economic and financial analysis PAU urged farmers to form joint ventures to be able to meet the required quality and quantities and to take advantage of such engagements to meet new stakeholders. OIL AND GAS Farmers living along East Africa Crude
Iran seeks trade relations with Uganda ahead of US oil ban
The Iran’s Vice President for Science and Technology Sorena Sattari visited Uganda last week to set up new trade relations with the pearl of Africa just a month to the United States oil ban. The vice president met the president of Uganda Yoweri Museveni in Kampala on Tuesday. In the meeting, Sattari revealed that Tehran
Tullow oil to resume Turkana oil operations
Tullow Oil, British Oil Company will continue its oil and gas development activities in Turkana County, the Government has said. A statement from the Ministry of Petroleum and Mining reveals that the government has reached an agreement with the company, and such includes addressing the grievances that stalled the transportation of the commodity to the
Angola reports 253 billion Kwanzas in oil export earnings for May
Angola recorded export earnings amounting to 253.3 billion Kwanzas (about 1.06 billion US dollars) from the sale of 49.8 million barrels of crude oil in May this year, according to the latest statistics issued by the Ministry of Finance. During the month, the oil exports, which account for the large bulk of the country’s export
Uganda and Equatorial Guinea agree on action for the development of the oil and gas industry
Uganda and Equatorial Guinea have agreed on an action plan for implementing a Memorandum of Understanding on Cooperation in the field of oil and gas. This was during President Yoweri Museveni’s four-day state visit to the country that has ended today. According to a joint communiqué by the president Museveni and his host H.E Teodre
Watchdog: Nigeria Lost $5.9 Billion from Oil in 2013 due to Theft, vandalism and Irresponsible Gov’t Dealings
Africa’s largest Oil producer Nigeria lost over $5.9 billion in oil theft and vandalism of major installation and irresponsible secret government dealings, Nigeria Extractive Industries Transparency Initiative said. The watchdog’s Executive director Waziri Adio, told the News Agency of Nigeria (NAN) at a forum on July 19, 2016 in Abuja that 4.7 billion dollars was lost
Positive Impact of Nigeria Oil War? Cut in Production has resurrected Oil Market Prices
Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains. Brent crude futures LCOc1 rose as high as $50.10 but retreated to be up 38 cents or 0.7 percent at
World Bank asks Uganda to set sectors for the Oil and gas proceeds
The World Bank has asked the government of Uganda to prepare all sectors of the economy in order to tap the gains that come with the growth of the Oil and gas industry. The recommendations are entailed in a paper published by the Bank. The report aims at providing policy recommendations and strategies on key