Officials from Bunyoro kingdom made a maiden visit to selected oil sites in the Albertine Graben and asked government to remit part of the proceeds from the oil revenues to the kingdom. Commercial oil production has not yet started in Uganda as companies Tullow Oil Plc, China National Offshore Oil Company (CNOOC) and France’s Total
Hope as Indian refineries Clear African Crude Oil off the shelf
By agencies… Indian refineries continued to moped cargoes of West African crude oil, underpinning what was otherwise a saturated market. Refineries HPCL and BPCL together booked at least four million barrels of West African oil, adding to the six million booked earlier by IOC in a tender. IOC has another tender pending this week to
Africa Oil Governance Summit ends, Policy makers urged to build transparent regime and good governance
PRESS RELEASE… The first annual Africa Oil Governance Summit to evaluate progress made, build consensus on a road map for Africa’s resource prosperity and identify best practices in oil governance for adoption by other African countries, ended in Accra. The two-day conference took place on the theme: “Africa Rising as Oil Curse Beckons for Most
Uganda Oil sector: Technology delays exploration and recovery works
The lack of sufficient technology is the major obstacle to the Exploration and Recovery exercise of Uganda’s Oil reserves in the Albertine graben. Bukenya Matovu, the head of communications at Uganda’s Ministry of Energy and Mineral Development said in a meeting with Leaders from the Western District of Kabarole on Thursday. Matovu said the Ministry is facing
Mutebile’s take on volatility of oil prices and their effect on Uganda’s economy
This Speech by Prof. Emmanuel Tumusiime Mutebile, Governor, Bank of Uganda was delivered at the Dialogue on the Impact of Oil Price Volatility and its Implications for the Economy and for Macroeconomic Stability at Protea Hotel Kampala on February 25, 2O15 We bring you the full speech here below [toggle title=”Introduction” state=”open” ]Good afternoon ladies
Tullow’s job cuts: it was only a matter of time
The people who are still employed by Tullow Oil have a reason to thank their God. The last couple of months have been months of uncertainty, speak of this thing they call Job insecurity. Certainly, the fate of many in Uganda, for example, must have remained hanging in balance until last week when Tullow Oil
Cultural institutions strife: It’s not about monarchies but control over natural resources
By Muhindo James A day after police made public a plot to poison the King of the Great Bunyoro Kitara Kingdom, Omukama Solomon Iguru Gafabusa, I was astonished to read a pronouncement by Prince David Kijanangoma of Tooro in light of his resolution to over throw Tooro Kingdom’s youthful Monarch, Omukama Oyo Nyimba Kabamba Iguru.
The oil curse; are Uganda’s youths feeling the pinch?
The recent activities of Jobless Brotherhood, the National Association of the Unemployed, NRM Poor Youth and the Uganda Youth Liberation Front have caused concerns that Uganda’s youth could become a disestablishing factor if widespread unemployment is not solved especially as the country starts to exploit oil and gas resources. Some experts have warned that this you
Some quick facts about the oil discoveries and resources in Uganda
When every one is talking about Oil in Uganda, these facts should be on our finger tips and any person who has interest in this sector may already know this but well, we thought sharing this may help someone out there who has no clue about the sector. Twenty one (21) oil and/or gas discoveries
Boost private sector to maximize oil and gas benefits, World Bank tells government
In a recently completed World Bank study one of the key messages that the world bank sends out to Uganda Oil and Gas industry stakeholders is to build the country’s private sector. The study titled: “Leveraging Oil and Gas Industry for the Development of a Competitive Private Sector in Uganda” emphasizes that Uganda’s private sector