Petrobras, following up on the release disclosed on 3/8/2018, announces that its subsidiary Petrobras International Braspetro B.V. (“PIBBV”) signed today a Sale and Purchase Agreement – “SPA”, related to the full sale of its 50% interest in Petrobras Oil & Gas B.V. (“PO&GBV”) to Petrovida Holding B.V., a company formed by the partners Vitol Investment
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
UK firm Tullow Oil one of Uganda’s major oil and gas exploration firms has launched its oil exploration into Zambian territory as the country pushes to diversify its economy and reduce its reliance on the industrial metal. Apart from Uganda’s Oil and Gas exploration, Tullow Oil is undertaking similar projects in other countries such as
The Uganda Government said on Monday it had agreed preliminary terms with a consortium of investors including to build and operate the country’s first oil refinery, reviving a much-delayed project. Authorities said a thorough review process of over 40 companies that expressed interest to developed the much anticipated oil refinery, the Government had agreed with
Workshops have been held to this effect, papers have been presented, but it seems very little headway is being made on the ground, if we are to go by the sentiments of Stan McBride, the Environment Manager of the East Africa Crude Oil Pipeline project. How can Ugandans position themselves to benefit from the opportunities
Uganda’s oil and gas industry has last week got a boost by unveiling the first ever National Suppliers Database of more than 290 approved firms to supply goods and services. According to the Independent Newspaper, The companies can now be accessed on the Petroleum Authority of Uganda’s website www.pau.go.ug. The move is in fulfillment of
Ugandan President Yoweri Museveni and his Tanzanian Counterpart, President John Pombe Magufuli finally over the weekend put pen to paper by signing the East African Crude Oil Pipeline Agreement (EACOP) a move that is expected to pave way for studies to explore the possibility of building a pipeline to the Tanzanian port of Tanga. The
Kenya and Ethiopia have signed a deal for an oil pipeline that will run from Addis Ababa to the port of Lamu under the The Lamu Port Southern Sudan-Ethiopia Transport (Lapsset) project. Kenya President Uhuru Kenyatta and Ethiopian Prime Minister Hailemariam Desalegn signed the pact during bilateral talks at State House, Nairobi. At a joint
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
Zambia wants more information about Uganda’s plans to build a 60,000-bpd oil refinery that’s already attracted interest from four regional neighbors. The southern African country “has asked for more information” about the plant, Ugandan Energy Minister Irene Muloni says. Kenya, Tanzania, Rwanda and Burundi have expressed interest, she says. “Each of the countries will be offered