Young People from Bunyoro Were Cautioned Against Undermining Oil and Gas Operations
Youth from Bunyoro have been cautioned against being utilized to sabotage the region’s continuing oil extraction efforts.
Uganda’s Oil Production Journey Is on Track
With estimates showing that Uganda might earn up to $2 billion a year from taxes, royalties, license fees, profit oil, and its guaranteed participation in upstream oil projects, the government intends to use oil earnings to diversify the economy.
The Government Allows Petroleum Exploration in New Frontier Basins
In an effort to bolster the country’s petroleum reserves and develop its infrastructure for oil production, the government has declared the opening of three additional frontier basins for petroleum exploration.
Deputy Speaker Tayebwa: The Mining Sector in Uganda Is Expanding Gradually
Thomas Tayebwa, the deputy speaker of parliament, stated that both domestic and foreign investors are becoming more interested in Uganda’s mining sector, which is expanding gradually.
Milestones in Uganda’s Oil and Gas Sector Are Approaching
According to the Ministry of Energy and Mineral Development, all necessary infrastructure is almost finished, which would allow Uganda’s oil and gas industry to be commercialized.
110 Ugandan Truck Drivers Are Trained by CNOOC In Employable Skills for The Oil Industry
As part of the program, 110 drivers received professional training, certification, and licensing to operate rigid trucks (class CM license) or heavy goods trucks and trailers (class CH license) in compliance with East African community curricula.
Solar Energy Companies Are Guaranteed A 15% Interest Rate on Loans
All businesses and investors involved in the solar energy industry have been reassured by the Uganda Energy Credit Capitalization Company (UECCC) that UECCC has cash available for loans at a 15 percent interest rate.
Opportunities For Oil and Gas Could Turn Ugandan Smes into Industry Giants
Small and medium-sized businesses (SMEs) have a lot of opportunities as Uganda’s oil and gas industry develops.
President Museveni Is Going to Open a New Fuel Supply Company in Entebbe
Uganda requested on July 7, 2024, that the Kenyan government reduce the $40 million (about sh147 billion) bond costs at an oil storage terminal it uses to transport petroleum goods from Mombasa to Kampala.
West Nile Industrialization Will Be Accelerated by Connection to The National Electricity Grid
Pakwach district officials have stated that industrialization will increase as a result of the West Nile region’s connection to the national electrical grid through the Karuma Hydropower project.