Energy, Oil & Gas

Energy, Oil & Gas

Unoc benchmarking with external peers for best performance – Wapakhabulo

The Uganda National Oil Company chief executive, Josephine Wapakhabulo, has allayed fears that the oil company is trying to ‘bite more than it can chew’ with the dozen capital-intensive upstream and midstream projects on its to-do list
Energy, Oil & Gas

Oil recoverable costs: Disallowed costs hit Shs300b in final audit

At least $81.147m (Shs300b) has been disallowed as “costs not recoverable” by oil companies from the Production Sharing Agreements (PSAs) signed with government between 2001 and 2011
Energy, Oil & Gas

Total E&P, Tanzania jittery over oil pipeline delays

French oil major Total E&P, the lead joint venture partner on the proposed East African Crude Oil Pipeline (EACOP), is "concerned" over the “slow progress” on the project, particularly from Uganda government officials in the Petroleum Authority and the energy ministry
Energy, Oil & Gas

Petroleum Fund assets rise to Shs422.9bn

The Petroleum Fund, where revenue from all petroleum-related activities is deposited, is valued at Shs422.9bn as at 31 December 2017
Energy, Oil & Gas

$1b US exports in Uganda refinery deal raises eyebrows

Uganda’s Greenfield oil refinery will cost at least $2.85b (approx Shs10trillion) of which $1b (Shs3.6trillion) will go back to the United States in export content, the Department of Commerce has revealed.
Energy, Oil & Gas

Energy ministry seeks Shs77b for UNOC, PAU funding

The ministry of Energy is seeking for at least Shs77.8b to fund operations of three agencies under its mandate, the Petroleum Directorate, Petroleum Authority of Uganda, and Uganda National Oil Company.
Energy, Oil & Gas

Japan gives Uganda $125m credit for Karuma power evacuation lines

The Japanese government overseas development agency, JICA, has offered the Ugandan government Shs460b ($125m) loan for construction of the Kampala Metropolitan transmission line for electricity from Karuma dam.
Electricity pylons
Energy, Oil & Gas

Fuel prices to remain high over shilling instability and global prices

Fuel pump prices in the country are likely to keep on an upward trend owing to the continued depreciation of the shillings against the dollar, officials have warned.
Energy, Oil & Gas

Oil boom brings insurance into focus

Insurance company Aon plc’s director Neil Genders said the bulk of risks involved are “high and scary” but the prospects are lucrative.
Energy, Oil & Gas

Energy ministry lists 114 pump stations selling smuggled fuel

The ministry of Energy has listed 114 pump fuel stations, out of the retail network of over 2,000 stations across the country, for selling smuggled fuel
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