By Vision Reporter Added 21st January 2020 08:32 PM Making a case for Uganda as an ideal investment destination, the President said corruption, especially by government officials, had become a “bottleneck” to development and the whip was being cracked. LONDON – President Yoweri Museveni has urged investors to report government officials who seek bribes, saying punitive
UK Investors struggle to get Shares in Uganda oil sector
Investors from the United Kingdom have paid a second visit to Uganda to pave way on how they can improve their chances at acquiring some shares from the Uganda oil and gas sector The businessmen from 11 UK companies, that deal in petrochemical, pipeline, power and renewable industries, met up with senior Ugandan delegates on
Uganda, Kenya hold talks on oil and gas sharing
Uganda National Oil Company has held talks with Kenya National Oil Company and Kenya Pipeline Company on how the two countries can benefit from oil and gas discoveries. In the talk session hosted by the National Oil Corporation of Kenya (NOC) , the companies shared experiences and ways of maximizing the benefits that come with
Uganda may Incur Extra Costs for Oil Refinery
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
JOBS: at The East Africa Crude Oil Pipeline in Uganda
The 1,445km East African crude oil export (EACOP) pipeline is being constructed between Kabaale in the Hoima District of Uganda and Chongoleani in Tanga, Tanzania.On completion, it will become the world’s longest heated crude oil export pipelines.The Governments of Uganda and Tanzania signed a $3.5bn inter-governmental agreement in May 2017 for the development, which is expected
Uganda to start Importing Gas from Tanzania
Uganda has started negotiations with Tanzania on importing natural gas that will be used as a reducing agent in steel and iron manufacturing. The minister for the Energy minister,Ms Irene Muloni, told Parliament’s Natural Resources Committee that discussions about depending on Tanzania for gas are still on-going. “Maybe as we build the pipeline for crude
Uganda: Chinese Companies Eye Uganda’s Oil Sector
Kampala — A group of Chinese companies have shown interest in partnering with Ugandan businesses to participate in developing the oil and gas sector of in Uganda. According to the Daily Monitor Newspaper, Speaking during a recent oil and gas conference hosted by Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of
Uganda and Equatorial Guinea agree on action for the development of the oil and gas industry
Uganda and Equatorial Guinea have agreed on an action plan for implementing a Memorandum of Understanding on Cooperation in the field of oil and gas. This was during President Yoweri Museveni’s four-day state visit to the country that has ended today. According to a joint communiqué by the president Museveni and his host H.E Teodre
Justice Ogoola warns government against excluding communities during the construction of the oil pipeline
Retired former principle judge of the High Court, Justice James Ogoola, has warned government against excluding communities in the oil region during the implementation of the East Africa Crude oil project. “In this day and age, we need not to repeat past mistakes. We must beget a humane and balanced transformation. Any development that excludes
Uganda gears up for the 3rd International Oil & Gas Summit next month
Uganda will next month on 27-28th September host the 3rd Uganda International Oil & Gas Summit (UIOGS) 2017, in partnership with Total and CNOOC Limited as lead sponsors and co-hosts to the event respectively at the Hotel Serena, Kampala. The country hosted a similar event in 2016 where President Yoweri K Museveni alongside Hon. Minister