February was a fairly busy month for anyone keen on developments in Uganda’s Oil and Gas sector. Obviously Tullow Oil released its 2014 Full Financial Year Results as anticipated- the kind that Tullow would love to forget. Uganda’s cabinet approved the first open licensing round for petroleum exploration putting some six blocks up for grabs
Boost private sector to maximize oil and gas benefits, World Bank tells government
In a recently completed World Bank study one of the key messages that the world bank sends out to Uganda Oil and Gas industry stakeholders is to build the country’s private sector. The study titled: “Leveraging Oil and Gas Industry for the Development of a Competitive Private Sector in Uganda” emphasizes that Uganda’s private sector
Government starts compensating oil refinery evictees
The government has started the payment of the 718 residents- Project Affected Persons (PAPs) that were evicted as result of the plans to build an oil refinery complex in Hoima District. The victims are residents of 13 villages in Kabaale Parish, and according to the government’s Petroleum Exploration and Production Department (PEPD), Shs70 billion was