The Uganda oil sector is likely to spend quite more money than the anticipated $4 billion for the construction of the Hoima-based oil refinery following the failure of the East African Community to buy the whole part of the share it was allocated. Although Total SA has taken up a total share of 10 per cent
Tanzania approved a series fiscal packages in relation to the Crude oil pipeline partnership with Uganda including; exemptions on transit fee, import tax, withholding tax and value added tax. Cabinet expects to table the approved proposals to the Tanzania National Assembly in January 2017 according to Daily News newspaper. The revelations were made by Tanzanian
The Director General and CEO of Lapsset Corridor Development Authority Silvester Kasuku is expected to deliver a detailed update of the project in the upcoming East Africa Oil & Gas Summit (EAOGS), the the organizer said. “We are delighted to have the support of Kasuku and his team at the LCDA. The work that the
Uganda Ministry of Energy and Mineral Development issued eight oil production licences to lead oil industry players Tullow and Total, ending years of deadlock. The two now join their Chinese partner China National Offshore Oil Company (CNOOC) which received its production licence in September 2013. The Licences are for Exploration Area 1 (EA1) and Exploration
Uganda and Tanzania conspired to deny Kenya an opportunity to present its findings before the Oil Pipeline route was decided Energy Cabinet Minister Charles Keter said. Appearing before the nation’s Senate Energy Committee, the minister said his team was not even allowed to present its case which validly addressed Uganda’s concerns about the 13000 kilometer
A team from Kenya Oil ministry assigned to a fact finding mission on the viability of Uganda Oil Pipeline export routes suffered setbacks after allegedly being denied entry into Port of Tanga by Tanzania Officials. The team was created following a meeting between Uganda President Yoweri Museveni and Kenya’s Leader Uhuru Kenyatta, respective oil ministry
KAMPALA Uganda president Yoweri Museveni is expected to deliver a keynote address at Uganda International Oil and Gas summit (UIOGS) in Kampala, Global Events Partners, the organizer of the event has confirmed. The president will head the government delegation at the Summit expected to link oil industry players in Uganda, the region and stakeholders across the
Russian multinational RT Global Resources is discussing details of its role in the Uganda Refinery construction project in the coming Uganda International oil and gas summit in Kampala, the organizer confirmed. “RT Global will discuss its role in building and operating Uganda’s $2.5 billion crude oil refinery, which will process hydrocarbon reserves situated along its
Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018. The meeting was also attended by the Minister for Energy and Mineral development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy
The Principle Petroleum Officer at Uganda Ministry of Energy and Mineral Development Peninah Aheebwa has said that the absence of Super Majors in nations Oil and industry is not a sign of stagnation and ineffectiveness. Aheebwa was responding to criticism which appeared in the Observer newspaper following the listing of companies registered in the First Licensing