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Energy, Oil & Gas
Uganda and Tanzania mull going to international market for oil pipeline financing
Uganda, Tanzania and the three Joint Venture (JV) partners, Tullow Oil Uganda, Total E&P and Cnooc, will later this month issue a request for proposals for a consultant to offer transaction advice on the proposed $3.55 billion oil pipeline.
January 10, 2017
Energy, Oil & Gas
Tullow sells oil project stake to Total for $900 million
Tullow Oil announced on Monday that its selling part of its stake in Uganda's oil project to Total E&P Uganda B.V. for $900 million.
January 9, 2017
Energy, Oil & Gas
Russia taps another firm for consideration in refinery deal
Russia is looking for another homegrown company to finance and construct Uganda's greenfield oil refinery, following the exit of RT Global Resources, the consortium led by Rostec, a state defence and technology corporation.
December 28, 2016
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.
December 21, 2016
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.
December 8, 2016
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.
November 30, 2016
Energy, Oil & Gas
Politics & 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.
November 22, 2016
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.
November 22, 2016
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.
October 28, 2016
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.
October 11, 2016
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