Energy, Oil & Gas

Energy, Oil & Gas

Government moves motion to withdraw Shs166 bn from petroleum fund

The finance minister, Matia Kasaija on Wednesday tabled a motion requesting Parliament to allow the government withdraw Shs116.6 billion from the Petroleum Fund.
Uganda's minister of finance, Matia Kasaija
Energy, Oil & Gas

Parliament gives approval for $103 rural electrification loans

Parliament on Wednesday approved two motions that allow the government to borrow $102.88 million for rural electrification projects. The government will borrow $91.5 million from the World Bank and $11.32 million from Kuwait.
Electricity pylons
Energy, Oil & Gas

Electricity Regulatory Authority gets acting chief executive

Ziria Tibalwa Waako has been appointed as acting chief executive officer of the Electricity Regulatory Authority, replacing Benon Mutambi who was recently moved to the Ministry of Internal Affairs as permanent secretary.
Energy, Oil & GasPolitics & Policy

Museveni says oil revenues will be used to build “durable capacity”

The president said that oil is an "enabler" that will bring in "quick money" to work on the weak fundamentals without which the country will not develop.
Energy, Oil & Gas

Uganda to identify refinery lead investor by February 2017 — minister

Uganda expects to have identified a lead investor in its proposed oil refinery by February next year, according to energy and minerals minister Irene Muloni.
Energy, Oil & Gas

Total to acquire 10% stake in Uganda refinery

Total S.A., the French oil and gas company currently carrying out exploration activities in western Uganda, is acquiring a 10% stake in Uganda's planned oil refinery, energy minister Irene Muloni told Bloomberg.
Energy, Oil & Gas

Slight fall in Q4 electricity prices

Electricity in the last three months of this year will cost an average of 0.53% less than it did between July and August, a tariff schedule released by the Electricity Regulatory Authority on Monday shows.
Electricity pylons
Energy, Oil & Gas

Total to make final investment decision on Uganda fields by end of 2017

Total expects to make a final investment decision on the Ngiri, Jobi Rii, Gunya fields in the onshore Exploration Area 1 as early as the end of next year, according to Arnaud Breuillac, the president of Exploration & Production at Total S.A.
Presentation slide showing the progress of Total E&P's oil projects in Uganda
EconomyEnergy, Oil & Gas

Cheaper imports bigger problem than interest rates, steel magnate says

The Chinese firms constructing Karuma and Isimba hydropower plants are not buying steel from Ugandan manufacturers, according to Sikander Lalani, the chief executive officer of Uganda's largest steel manufacturer, Roofings Group.
Aerial photo of the Karuma hydropower project
Energy, Oil & Gas

Uganda issues eight oil production licences to Tullow and Total

The Ministry of Energy and Mineral Development has granted eight oil production licences to Tullow Uganda Operations Pty Limited and Total E&P Uganda B.V., according to a statement released by the ministry.
Kyehoro Camp operated by Tullow in Uganda
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