Over 1000 government official from 40 countries around the globe have are expected to attend the 7th Annual Mineral Wealth from October 2nd- 3rd 2018 to be held at Kampala Serena hotel. The conference is organized by Uganda Chamber of Mines and Petroleum (UCMP) in partnership with the Ministry of Energy and Mineral Development through the Directorate of Geological Survey
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
When Ugandans query the constant upsurge in oil prices, they are often reminded by fuel dealers that the global oil price trends largely driven by the Middle East suppliers especially Saudi Arabia are the reason to blame. However, developments in the recent past suggest that the dealers only use the global oil prices as the
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future
The World Bank has pledged to inject $600 to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan. In a statement made on Monday the World Bank said that the funds would be provided by its private- lending arm, the International Finance Corporation. The fund is part of
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