The government wants to take over Umeme concession with a loan of Shs2.92 trillion
The government has declared its plan to obtain a big loan totaling Shs2.920 trillion, marking a significant financial move. This large loan is being taken out in order to make the proposed acquisition of the Umeme concession possible.
Uganda’s Oil and Gas Sector Prepares for Production
The Minister of Energy and Mineral Development, Ruth Nankabirwa, is the conductor of this grand symphony. Her latest briefing revealed a thorough update on important projects, signifying a turning point in the country’s quest for energy riches.
The EACOP Construction Budget Increases to $5 Billion
According to Ruth Nankabirwa, Uganda’s Minister of Energy and Minerals, the East African Crude Oil Pipeline (EACOP) construction cost has increased to $5 billion from the original estimate of $3.5 billion.
Uganda Chooses Dubai Company for Project of $4 Billion Oil Refinery
Uganda is seen by Alpha MBM Investments LLC as a “untapped market with the potential to create opportunities where none were perceived
Uganda Engages Tanzania for an Alternative Route for Petroleum Imports
In order to investigate the prospect of enabling the state-owned Uganda National Oil Company (Unoc) to route its petroleum imports through Dar es Salaam, the Ugandan government has opened talks with Tanzania. Kenya has been opposing Unoc’s plan, approved by Ugandan legislation, to become the exclusive importer of petroleum products into Uganda since September of […]
Uganda’s Opposition To Nuclear Weapons
Uganda is steadfast in its commitment to pushing for the non-proliferation of nuclear weapons, according to State Minister for Energy and Mineral Development Mr. Peter Lokeris.
Uganda Unveils Makuutu Rare Earth Project with a 21-Year License
On December 28, 2023, the momentous occasion began with the formal signing ceremony between the distinguished Energy and Minerals Development Minister, Ruth Nankabirwa, and the ambitious CEO of Rwenzori Rare Metals Limited, Warren Tregurtha.
Minister Nankabirwa Clears Up Myths Regarding the EACOP Project
The Minister of Energy and Mineral Development, Ruth Nankabirwa, has refuted the “many lies” that have been disseminated concerning the East African Crude Oil Pipeline (EACOP) project. She said that neither Lake Victoria nor 230 rivers are crossed by the pipeline.
Ugandan Insurance Companies Address Oil and Gas Risks
Combining local resources to reduce risk in the oil industry has been made possible in part by the Insurance Consortium for Oil & Gas Uganda (ICOGU). With over $24 million in premiums written to date, ICOGU has demonstrated success even if it only retains a tiny fraction of the risk domestically.
Uganda Extended Approval for Imports of Private Fuel
The Uganda National Oil Company (Unoc) was scheduled to start exclusive importation this month, but encountered difficulties obtaining a crucial Petroleum Import License from Kenyan authorities.