This report discusses the importance of Section 1504 of the United States’ Dodd-Frank Act , the new EU Accounting and Transparency Directive and the Extractive Industries Transparency Initiative (EITI) standards in governing Uganda’s oil and gas sector. Read More
Industry experts are pessimistic that Kenya could start producing oil in two years time, largely due to the lack of necessary oil infrastructure in the country.
By Bashir Hangi
Uganda’s petroleum products consumption is at 27,000 barrels per day and growing at an annual rate of about 7%. This fact presents an opportunity to Uganda, with the confirmation of over 1.2 billion barrels of recoverable oil in the country. Read More
By Haggai Matsiko
“Thanks to the oil, we are getting better facilities. The government used to take us as if we were foreigners, we were not getting these services,” says Henry Irumba, LC 1 Chairman at Kaiso landing site, Hoima District. 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
The first phase of the ongoing implementation of the Resettlement Action Plan (RAP) in Hoima District is facing resistance from some angry residents, with some of them threatening to take the government to court over unfair compensation of their property. They are also claiming that government agents are harassing them and coercing them into signing consent forms. Read More
Implementation of the first phase of the Resettlement Action Plan (RAP) kicked off early this month and will end with the 7,118 residents of the thirteen Hoima villages on whose land the oil refinery will be built being compensated for their property, or relocated.
The Chinese National Offshore Oil Corporation (CNOOC) may take a stake in Uganda’s oil refinery and pipeline project, Uganda’s Prime Minister, Amama Mbabazi, revealed last week during a state visit to China which underlined rapidly growing commercial ties between the two countries. Read More
Close to 100 billion cubic feet of natural gas is thought to lie trapped in a reservoir under Uganda’s Albertine Graben in addition to the 3.5 billion barrels of oil that have so far been discovered.
This sounds like a lot but it is chicken feed compared to the huge gas fields that have been discovered off the coast of South East Africa. Tanzania has found 40 trillion cubic feet. Mozambique has 100 trillion—1,000 times as much as Uganda. Read More
Sudan’s President Omar Bashir has once again threatened to halt South Sudan’s crude oil exports through Sudan, claiming that the South is supporting rebels against his government.
Sudan has given the South sixty days, as provided for in a cooperation agreement between the two countries last September, to drop its alleged support for the Sudan Revolutionary Forces rebel group or find another route to the sea for its crude oil. South Sudan, however, denies supporting the rebels. Read More