Africa Oil & Gas: Uganda Picks GE, Saipem To Build First Oil Refinery

 

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Oil Refinery – Illustration

Uganda has picked a consortium including GE and Italian Saipem to build and operate the African country’s first oil refinery. The 60,000-bpd facility will process crude from fields operated by Tullow Oil, CNOOC, and Total. The consortium competed with 40 other companies, the Ugandan Energy Ministry said in a statement as quoted by Bloomberg. Continue reading

Africa Oil & Gas: IMF Sees Oil Making Up As Much As 4% Of Uganda Economy

 

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IMF Sees Oil Making Up As Much As 4% Of Uganda Economy

Uganda’s new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the International Monetary Fund’s country chief says. Continue reading

Africa Oil Week 2017: Key countries in Africa Oil & Gas Industry

 

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Exclusive information on Africa’s Oil & Gas

With a shift towards the introduction of investor friendly legislation, economic reform, and infrastructure development, Africa in 2017 will provide a more stable environment for new green-field exploration, and additional investment in existing production assets. Continue reading

Africa Oil & Gas: Uganda to finalise oil exploration deal with Nigeria’s Oranto Petroleum

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The deal with Oranto covers the Ngassa Shallow Play and Ngassa Deep Play exploration blocks

Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said on Wednesday. Continue reading

Rich Africa: From Resource Curse to Blessing

minting moneyKAMPALA – New discoveries of natural resources in several African countries – including Ghana, Uganda, Tanzania, and Mozambique – raise an important question: Will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries? Continue reading

Africa Oil & Gas: Uganda receives 7 bids in oil exploration license round

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Uganda receives 7 bids for six oil exploration blocks offered in a licensing round and plans to choose the winners and sign deals by the end of June.

Uganda has received seven bids for six oil exploration blocks offered in a licensing round and it plans to choose the winners and sign deals by the end of June, the Ministry of Energy and Mineral Development said on Wednesday. Continue reading

Africa Oil & Gas: Uganda official says could pick Tanzania over Kenya for oil pipeline

To perform the technical and commercial feasibility study,  SACOIL Holdings established a joint development agreement with Mozambican nas outh Africa public institutions

The decision is seen as helping investors to decide on oilfield development in both states

Uganda’s government is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives, an official said on Wednesday, even though the Ugandan president indicated last month that a route through Kenya had been picked. Continue reading