Documents from the office of Kenya Auditor-General show that the country has earned Sh503.2 million from oil exploration works by foreign firms local media reported. According to Business Daily Africa, a total of Sh503,260,733 was collected last year as revenue from exploration. Petroleum Cabinet Secretary Andrew Kamau said “The cash (Sh503 million) came from surface
The government of Uganda approved a ministerial request to issue Oil Production Licences to French Giant Total Uganda oil has learnt. According to a cabinet communique, government approved the Minister of Energy and Mineral Development request to issue three production for fields; Ngiri, Jobi-ri and Gunya under exploration area 1 of the Albertine Basin. “…approved
Ghana’s crude oil revenues will be 1.4 billion cedis this year, lower than a previous estimate of 2 billion cedis, the finance minister said in a budget review. Despite that, the deficit would remain unchanged from a previous estimate of 5.3 percent, Finance Minister Seth Terkper said. Revenues for 2015 are estimated at 1.5 bln
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
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as they originally indicated. The companies behind what could be East Africa’s first major oil pipeline believe the August start-date that Tanzanian officials gave last March
By end of June, Uganda will have issued production Licences to industrial players Tullow Oil and Total E&P Uganda, State Minister for Minerals Peter Lokeris said. Speaking to the media during a dialogue organised by Advocates Coalition for Development and Environment (ACODE), Lokeris said the country took long to issue production licenses because there was
Kenyan presidency said the nation is still at crossroads on the best option to transport it’s crude from the Turkana region to the port. Presidential spokesperson Manoah Esipisu said during a presser in Nairobi that “Our plans for the first oil extraction are on course and we are seized of the planning and implementing options on
Uganda announced the appointment of the chief executive of the National Oil Company in another step towards the implement the national local content policy. The Uganda National Oil Company (NOC) is established under the Petroleum (Exploration, Development and Production) Act 2013. Key of it’s mandated is to ensure an adequate, reliable and affordable supply of
Uganda president Yoweri Museveni and Tanzania counterpart John Magufuli agreed to accelerate the implementation of a crude oil pipeline project between the two nations and award the construction contract to multiple contractors. The decision was reached during talks between the two leaders on the sidelines of the swearing in ceremony of Museveni in Kampala according
U.S. explorers aren’t the only ones idling rigs as sub-$50 crude forces oil and gas drillers in Africa to slow their search for new reserves. The number of oil and gas rigs offshore Africa remained at 20 in April, the lowest since 2009, according to data published on Friday by Baker Hughes Inc. Onshore rigs fell