Three Russian companies have formed a consortium to bid for the construction of Uganda’s first crude refinery. Read More
There was a lot of excitement in Dar-es-Salaam last week as Tanzania’s President Jakaya Kikwete launched the country’s fourth competitive licensing round in which eight exploration blocks are up for grabs.
A Ugandan law firm, Katende Ssempebwa and Co. Advocates, will provide local counsel on the procurement of an investor and operator of the country’s first oil refinery. Read More
Saudi Arabia is planning to start exploiting its massive shale gas reserves for power generation in a bid to save more of its crude oil for export, as the shale revolution spreads outside North America.
East Africa’s lone refinery in Mombasa faces an uncertain future following an announcement by Essar Energy, a 50 % shareholder with the government of Kenya, that it had withdrawn from the partnership, and was planning to sell its shares. Read More
The Ghana government and environmentalists are trading accusations after more decomposing carcasses of whales were washed ashore last month, reigniting debate on the government’s capacity to balance oil production and environment conservation. Read More
The Kenya government announced last week that huge underground water sources had been discovered in the arid Turkana region north of Kenya, big enough to meet the country’s fresh water needs for at least 70 years. Read More
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
Global crude oil prices continued to climb by the end of last week, partly due to the raging violence in Egypt currently under a state of emergency.
In the UK , Brent crude oil closed the week slightly over $ 110, the highest it has been in over four months. Read More