Oil and Gas
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
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
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 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.
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.
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.
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
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