Uganda to earn $50 Billion from discovered oil reserves

Uganda’s government should expect to earn $50 billion on behalf of its 35 million strong population from reserves already discovered over the lifetime of the oil fields, Tullow said – almost three years’ worth of its $17 billion gross domestic product (GDP).   Asked where the oil money might go, the Commissioner for Uganda’s Petroleum

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Government to build oil terminal in Wakiso

As government prepares for the construction of an oil refinery in Hoima district, plans to build a petroleum distribution terminal at Buloba, outside Kampala, have been mooted.   Irene Batebe, a petroleum officer in charge of refining at the Petroleum Exploration and Production department (PEDP), told journalists recently that a pipeline from the refinery would

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Museveni wants a joint Oil Pool for EAC

Museveni has asked the five countries of the East African community to pool regional natural resources for the purpose of catapulting the EAC into the league of industrialised countries by 2063.   “If we use our bumper natural resources jointly and wisely, our countries will be joining the ‘First World’ ranks in five decades from

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