Makerere Business School has churned out 60 graduates of an advanced oil and gas management essentials training. The 60 step into the seemingly “oily” field but they will definitely be shocked to discover that they may have to tread a rugged terrain in their pursuit of success in the increasingly competitive sector. In the recent
Museveni’s position on crude oil pipeline changes, Uganda to have both pipeline and refinery
For the first time, the President of Uganda, Yoweri Kaguta Museveni has publicly consented to the pursuits of building a crude oil pipeline for the export of Uganda’s Oil; though, this will not impede plans to build a 60,000 capacity refinery that are already underway. Museveni still maintains that Uganda will go on with building
Establish a supplier development fund to strengthen SMEs in the Oil Sector
One of the key preoccupations of the government is how to enhance economic production and eradicate poverty. However, the extent to which the government should get involved in driving economic production is a divisive matter. Both the supporters of government involvement and those against have very strong arguments to back their view points. A
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
Uganda to earn $50 Billion from discovered oil reserves
Uganda’s government should expect to earn $50 billion on behalf of its 35 million strong population from reserves already discovered over the lifetime of the oil fields, Tullow said – almost three years’ worth of its $17 billion gross domestic product (GDP). Asked where the oil money might go, the Commissioner for Uganda’s Petroleum
What drove government to consider Kabale as the ultimate site location for Uganda’s Oil Refinery
In the pursuit of the most suitable site location for an Oil Refinery we are told that Foster Wheeler the major researcher behind the efficacy of an Oil Refinery in Uganda evaluated three regions and identified six potential sites for the refinery as a result. The six sites that the Foster Wheeler report identified
Tullow prioritizes disclosure takes tighter stand against corruption
One of the major highlights that shine out of the just released Tullow Oil plc’s Corporate Responsibility Report 2012 is the emphasis on disclosure a development the company believes will go a long way in clearing the company’s corporate image in light of the various accusations of corruption that the company faced in 2012.
Why Uganda’s oil did not attract big investment deals in 2012
So, according to a survey by International tax firm Deloitte, Uganda accounted for fewer investment deals in East Africa in 2012. With the maze and craze that shrouds the oil industry; obviously Uganda’s oil was expected to be the biggest attraction for investment deals. But with the squabbles over various issues like the stabilization
Uganda, Madagascar take lead in commercial development of oil reserves in East Africa
The United States Energy Information Administration report on Emerging Oil and Gas Developments in East Africa has identified Uganda, Madagascar, Mozambique and Tanzania to have shown the most progress toward commercial development of the newly discovered resources of oil and gas in the East Africa region in recent years. According to the report, whereas
40 firms want stake in Uganda’s oil refinery
Over 40 firms have expressed interest in the construction and operation of a proposed $3.2b refinery project, the acting minister of energy and mineral development disclosed yesterday. Peter Lokeris said his ministry is now evaluating firms to establish their technical competence and their financial strength before a decision to award the contract is made.