An airfield in Kasese is set to get an upgrade worth $57 million that will eventually transform it into an international airport, an aviation official has said. Kasese Airfield lies in the south of the Albertine region where crude oil reserves have been discovered. Kasese airfield, also sits near Kilembe copper mines which were recently
The Petroleum (Exploration, Development and Production) Act 2013
An Act to give effect to article 244 of the Constitution; to regulate petroleum exploration, development and production; to establish the Petroleum Authority of Uganda; to provide for the establishment of the National Oil Company; to regulate the licensing and participation of commercial entities in petroleum activities; to provide for an open, transparent and competitive
MPs question Oil Refinery Contracts
The Parliamentary Forum on Oil and Gas has questioned the wisdom of awarding the contract to resettle people affected by the proposed oil refinery in Hoima to Strategic Friends International, the firm that carried out the first phase of the Resettlement Action Plan. At least 7,000 people are to be moved to pave way for
Israel firm seeks to boost water treatment in Albertine Graben
Whereas Uganda is blessed with relatively enough water a lot of that water needs purification. But soon that will no longer be a worry, at least for the folk in the Albertine Graben since Bolton International an Isreali firm is partnering with other international firms to boost the water quality in the region. 51.5 %
Auditor General questions Energy Ministry’s expenditure
The Ministry of Energy has been thrust into the spotlight after the Auditor General queried the billions of shillings that he claims the ministry spent irregularly. In his latest report to Parliament, John Muwanga recommended an investigation into the irregular expenditure. He pointed out that the ministry during the year ended June 2012 transferred sh12b
Chinese companies to get the bulk of Uganda’s infrastructural projects because of oil
Chinese companies are likely to get a lion’s share of Uganda’s current infrastructural projects because they are willing to get repaid from future oil revenue, unlike Western businesses that expect advance payment, the Prime Minister’s office said. The government is seeking investment that will improve electricity generation and transportation networks to drive economic growth so
Oil attracts increased Investments to Uganda
The recent oil discovery in Uganda has led to an increase in Foreign Direct Investment (FDI) inflows to the country. According to the data that the United Nations Conference on Trade and Development released recently, Uganda FDI increased by 92.51% to $ 1.721 billion in 2012 down from $ 894 Million in 2011. The data
Emerging oil sector prompts PTA bank to invest more credit in Private Sector initiatives
Private sector investors in need of long-term credit financing for infrastructure development have an opportunity to access funding from the PTA Bank courtesy of the emerging oil and gas sector. A forecast that projects the possibility of Uganda experiencing double digit economic growth due to the nascent oil and gas industry as well as growth
Conrad Nkutu appointed Tullow Oil Corporate Affairs boss
Daily Monitor Former Monitor Publications Limited Managing Director, Conrad Nkutu, has been appointed Tullow Oil Uganda’s Head of Corporate Affairs, a position that will see the veteran media manager join the oil and gas giant’s senior management team. Mr Nkutu officially reports for duty on Monday, July 1, 2013. A press release
Why Uganda’s concession to the regional pipeline project is good news to South Sudan
South Sudan must have been waiting with bated breath or should we say eavesdropping on the conversations between Kenya, Rwanda and Uganda that have been the centre of media attention this week. The President of Uganda, Yoweri Kaguta Museveni has been hosting his colleagues Uhuru Kenyatta, the Kenyan President and Paul Kagame, the President of