Oil

Politics & Policy

Is the war in Sudan the cause of the economic crisis in South Sudan? What is really going on with oil revenue?

South Sudan’s ability to attract new loans depends on the repayment of existing ones. These repayments largely depend on oil production. As the 2024-24 budget shows, South Sudan desperately needs new loans to keep even core state functions operational
Sudan's largest and important port, filled with shipping containers
CompaniesEnergy, Oil & Gas

Careful management of market uncertainties required to maximise returns from oil and gas

Uganda's oil and gas industry needs a minimum global crude oil price of $63 (Shs237,893) per barrel for maximum profitability
Workers at the Kingfisher Oil Field in Kikuube, Uganda, on 24 January, 2023. Ugandan President Yoweri Museveni launched the drilling process at the Kingfisher Oil Field, operated by the Chinese oil giant China National Offshore Oil Corporation Cnooc.
Economy

Fix agriculture before oil gets out of the ground – World Bank

Speaking at the launch, the country manager for the World Bank Group in Uganda, Christina Malmberg Calvo said that the government needs to consider the suggested reforms and fix agriculture “before the black gold gets out of the ground.”
Energy, Oil & Gas

Three companies awarded design studies for Buliisa project

Total E&P Uganda, China National Offshore Oil Corp., and Tullow Uganda have launched Front End Engineering Design (FEED) studies for Exploration Area 1 (EA1) in Nwoya and Exploration Area 2 (EA2) in Buliisa district.