Govt set to sign UGX15 Trillion refinery contract
The Uganda National Oil Company (UNOC) is edging closer to finalizing Front-End Engineering Design (FEED) contracts for the country’s first oil refinery, a $4 billion (UGX 15.2 trillion) project.
Topic
Oil & Gas
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Museveni launches $150m Wagagai gold refinery
President Yoweri Museveni has renewed his call for Uganda to break free from what he termed the “colonial curse” of exporting raw minerals, urging the establishment of a…
Euro Gold Refinery opens as gold prices surge
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UNOC eyeing partner for new oil block exploration
Uganda National Oil Company (UNOC) is on the lookout for a joint venture partner to help it explore and develop an oil block in the western part of the African country…
EACOP claims 58% project works completion
The East African Crude Oil Pipeline (EACOP) project is going on according to schedule, with an official stating that the pipeline has now reached 58% completion.
‘First oil’ on course as EACOP gets $2.5 bn loan
EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania…
Ministry’s UGX2 tn deficit threatens contracts
The Ministry of Energy and Mineral Development (MEMD) is grappling with a UGX1.95 trillion budget shortfall for the Financial Year 2025/26, raising concerns over the…
Oil pipeline: Court blocks land owners
The Masaka Senior Resident Judge Lawrence Tweyanze has ruled that the government can proceed with the construction of East African Oil Pipeline (EACOP) before the…
KK Security rebrands to GardaWorld Security
KK Security has officially transitioned to GardaWorld Security in Uganda, marking a significant shift that promises to enhance employment opportunities throughout the…
The Top 10 strongest currencies in 2024
Globally, the United Nations recognizes 180 currencies as legal tenders. The factors that determine the strength of a currency include the amount of the currency held by…
Dangote Refinery ousts first petroleum products
Nigeria’s Dangote Oil Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday.
Uganda extends oil exploration to Karamoja
Uganda is stepping up exploration in the Moroto-Kadam and Lake Kyoga basins, aiming to boost its reserves to 6.5 billion barrels of oil, a strategic move to solidify its…
Uganda fast-tracking oil refinery deal – Nankabirwa
The Ugandan government is accelerating negotiations with Alpha MBM Investments of the United Arab Emirates to finalize a landmark deal to build a 60,000 barrels-per-day…
Uganda, Kenya moot petrol pipeline plan revival
Regional counterparts Uganda and Kenya are set to revive a long-standing plan to construct a pipeline that will enhance the transportation of fuel between the two…
TotalEnergies acquires stake in Bujagali Power Dam
French energy giant TotalEnergies has signed an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of its subsidiary, SN Power.
Oil refinery deal awaiting FID, says Minister
Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on, Hon. Okasaai Opolot, the State Minister for Energy…