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
The long-awaited works on taking Uganda’s crude oil to export markets started yesterday Saturday August 5, 2017 with President Yoweri Museveni and his Tanzanian counterpart Joseph Pombe Magufuli commissioning the construction of the 1,445km-long East African crude oil pipe line from Hoima district in Uganda to the Tanzanian port of Tanga. President Museveni arrived in
Kenya bought 2.5% stake in Uganda’s Oil Refinery and that is supposed to be good news. Indeed it is good news. Actually, Kenya’s decision to get a stake in Uganda’s Oil Refinery, a couple of weeks after RT Global Resources was selected to construct the refinery goes against the notion that Kenya would oppose Uganda’s
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
The recent oil discovery in Uganda has led to an increase in Foreign Direct Investment (FDI) inflows to the country. According to the data that the United Nations Conference on Trade and Development released recently, Uganda FDI increased by 92.51% to $ 1.721 billion in 2012 down from $ 894 Million in 2011. The data
South Sudan must have been waiting with bated breath or should we say eavesdropping on the conversations between Kenya, Rwanda and Uganda that have been the centre of media attention this week. The President of Uganda, Yoweri Kaguta Museveni has been hosting his colleagues Uhuru Kenyatta, the Kenyan President and Paul Kagame, the President of