Search results for oil Uganda
Here is the most coveted document on Uganda’s oil industry, the country’s oil potential and key investment opportunities and strategies at both micro, national and regional levels. Download a PDF of the Foster wheeler Uganda Refinery study report here. The government of Uganda hired Swiss Engineering and Construction company Foster Wheeler Energy Limited (FWEL) in […]
The government has dismissed rumours that oil production has already started in western Uganda and that some oil companies and government officials are already secretly benefiting from oil proceeds. The Permanent Secretary in the Ministry of Energy and Mineral Development, Kabagambe Kalisa says that oil production has not started and will commence in 12-18months from […]
While the exact terms of the Production and Oil Sharing Agreements between the government of Uganda and the oil companies remain unclear, it has emerged that the oil companies are set to take a lion’s share of the oil revenues. The Permanent Secretary in the Ministry of Energy and Minerals, Kabagambe Kalisa says that according […]
United Kingdom registered oil prospecting firm Tullow Plc has denied allegations that it offered bribes to Uganda ministers to get favuorable oil deals in Uganda. Uganda’s parliament this week started discussions on the oil sector and Tullow was mentioned as having transferred money to two ministers’ accounts. But Tullow’s CEO, Aidan Heavey, refuted these […]
Residents of Bulisa town council are accusing the Oil exploration company Tullow Uganda for failure to compensate them for their property they lot during the exploration at Kasemire oil well in Bulisa Town council. They say crops were uprooted in January this year during the exploration of Kasenene oil well in Bulisa Town council and […]
Neptune petroleum Uganda is in process of drilling another well in the west Nile Rhino camp after failing to discover oil in its last two attempts. The new attempt according to a top company official is based on a new prospect located over 15 kilometers away from the spot they last explored. The new exploration […]
With Uganda yet to starting drilling and selling oil with the government ready to bag more revenue to increase the country’s resource envelope, the governor of the central bank Emmanuel Mutebile is advising the government to invest oil revenue in activities that will generate revenue in future. According to Mutebile, oil is one of those resources that gets […]
Uganda should be on its way to a middle income country by the end of 2016, and the country should have solved most of its challenges. President Yoweri Museveni says that once oil production starts, Uganda will solve its energy deficit and be able to independently meet its fuel needs without depending on foreign supply […]
Oil prosp[ecting company Tullow Oil has announced that the Jobi-East-1 and Mpyo-3 wells, in Exploration Area 1 (EA1) onshore Uganda, have both successfully encountered oil in line with pre-drill expectations. The company in a press statement says these wells have successfully calibrated large seismic and gravity data anomalies, which have now been proven as oil […]
As Uganda awaits the first state of the national address under President Yoweri Museveni fourth term that is slated for Monday next week, a cross section of the public are spreading out some of the expectations. The state of the national address precedes the reading of the national annual budget and is made by the […]