The Norwegian government last week committed an additional 6.5 million dollars to support Uganda’s oil and gas sector in a new agreement that was signed by the Norwegian Ambassador to Uganda, H.E. Thorbjørn Gaustadsæther and the new Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija at the Finance Ministry Headquarters in Kampala. Read More
Uganda’s oil resources have increased from 3.5 billion to 6.5 billion barrels following appraisals of different discoveries in the oil-rich Albertine Region. Read More
The Norwegian government has refuted claims that it has withdrawn funding support to facilitate Uganda’s joining the Extractives Industry Transparency Initiative (EITI). Read More
Nine MPs have just returned from a one-week tour of oil facilities and related institutions in the United States of America where they learnt about oil sector management and governance. Read More
Uganda will begin implementing a 150 million-dollar World Bank project next month to support infrastructural development in Hoima municipality in the oil-rich Albertine region, as well as 13 other municipalities in the country. Read More
Prospective investors eyeing Uganda’s oil refinery will be pleased to learn that the government plans to invite them to express their interest in the project by the end of next month, according to a statement from the Ministry of Energy and Mineral Development. Read More
Uganda topped the region in attracting Foreign Direct Investment (FDI) last year, with most funds going into oil, gas and mining sectors, says a report released by the United Nations Conference on Trade and Development (UNCTAD). Read More
Total E&P, in partnership with the French Government, have sent an additional three Ugandans to France to undertake different courses in oil and gas starting this August.
The training programme targets government employees so as to build the capacity of relevant government departments to handle oil and gas issues. The first batch of three trainees started their advanced studies last year. Read More
The 2013 Mining for Development Conference closed today in Sydney, Australia, with speaker after speaker emphasising the role of good political and business leadership in the sustainable exploitation of natural resources.
While speaking on the final day of the two-day event, the Chairman of the Development Assistance Committee (DAC) of the Organisation for Economic Cooperation and Development (OECD), Erik Solheim, told delegates that bad governance was the main reason why some countries remained under developed, despite possessing vast amounts of mineral wealth. Read More
The COMESA Oil and Gas Summit opened in Kampala today, with speakers calling on the government and oil companies to recruit more Ugandans in the oil and gas industry, but also eradicate corruption. Read More