Oil and Gas

OpinionPress Releases

East Africa offers diversified growth opportunities for South African companies

Even before East Africa's oil and gas potential is taken into account, Africa’s most dynamic region presents a powerful investment case for South African corporates
Three businessmen in an informal exchange at a business forum
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

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

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

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

General Electric-led consortium signs refinery deal, upsetting energy officials

The government has signed a project framework agreement with the Albertine Graben Refinery Consortium to finance and construct Uganda's first oil refinery; the deal has left officials in the energy ministry upset
Energy, Oil & Gas

Unoc shareholders yet to pay Shs10bn share capital

The ministries of Energy and Finance, the two shareholders of the Uganda National Oil Company, are yet to pay share capital amounting to Shs10 billion
Politics & Policy

Tanzania’s Magufuli wants oil pipeline completed in less than three years

Tanzanian President John Pombe Magufuli has urged French oil major Total E&P, the lead joint venture partner on the proposed crude oil export pipeline from Hoima to Tanga, and other investors involved to mobilise at least “10 contractors” to speed up construction before 2020
EconomyEnergy, Oil & Gas

Uganda fuel imports hit 85 million litres

The majority of the petroleum products, 92%, were imported through Mombasa port in Kenya, while only 8% arrived via Dar es Salaam on the Tanzanian coast
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