Uganda’s Petroleum resources are now estimated to be at 6.5 billion barrels up from 3.5 billion barrels that was estimated in August 2012. According to a press statement of Kabagambe Kaliisa, the Permanent Secretary of the Ministry of Energy and Mineral Development that Ultimate Media has seen, the increase in the estimated petroleum resources is
The Petroleum (Exploration, Development and Production) Act 2013
An Act to give effect to article 244 of the Constitution; to regulate petroleum exploration, development and production; to establish the Petroleum Authority of Uganda; to provide for the establishment of the National Oil Company; to regulate the licensing and participation of commercial entities in petroleum activities; to provide for an open, transparent and competitive
Why Uganda won’t think about exporting its gas just as yet
While a lot continues to be said about the oil that Uganda is yet to drill, little has been said about the potential of the Natural Gas Reserves that lie with the 3.5 million barrels of oil in the Albertine Region. It has been reported that for now, the Uganda government plans to use
Why Museveni insisted on Uganda building its own refinery
The storms had been raging, with those that can write, articulate and analyze penning all sorts of speculation on whether Uganda would eventually build a refinery but what emerged was Museveni sticking to his guns and it seems he is now having the last laugh. The oil companies have had to buckle under his rigid