Africa’s petrol shock map: Shs 100 in Libya, Shs 5,000 in Uganda
Fuel prices, especially petrol, have shot upFuel prices in Uganda are highAcross Africa, the price of a single litre of petrol can determine whether families eat, whether...
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“refinery”
US Paves Way For Talks On Lukoil’s Assets Sale In Nigeria, Other Countries.
US Paves Way For Talks On Lukoil’s Assets Sale In Nigeria, Other CountriesLukoil's international assets are estimated to be worth about $22 billion, based on 2024 filin...
Crushed by punishing US sanctions, Russia’s Lukoil sells its international business.
Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sel...
What is it that Uganda and United Arab Emirates investors want as they meet in Kampala?
The UAE Ambassador to Uganda, HE Abdulla Salem Alshemeli, H.E Sheikh Sultan Jemai Al. Hindas, Director General of the Furjairah Chamber Commerce and Industry and the Prim...
Uganda’s Oil Reserves Rise to 6.65 Bn Barrels, says Nankabirwa.
The oil sector’s development — including two central processing facilities at Kingfisher and Tilenga — is expected to unlock billions in ancillary investment and ge...
Why Uganda’s oil refinery remains behind schedule
An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.De...
Museveni Witnesses Agreement for Oil Refinery Construction in Hoima
Uganda has taken a major step in its oil sector after signing an agreement with Alpha MBM Investments LLC, a company based in the United Arab Emirates (UAE), for the cons...
Exclusive Intelligence! Squicky Bum Time at Stanbic Bank As DPP Orders Arrest of Top Managers Over UGX 3B Fake Gold Money Laundering Deal!
In a shocking case of international fraud, where ruthless Ugandans fleeced an American investor Robert Tunner in a fake gold deal, Stanbic Bank officials are said to be i...
VIDEO: Questions linger over Shs10 trillion SGR cost
In early March 2017, panic-stricken officials from Uganda’s ministries of Works and Finance, dashed to Dar es Salaam to “compare notes” with their Tanzanian counter...
Kingfisher oil field nears completion
Cnooc Uganda Ltd has revealed that the development of the Kingfisher Field Development Area (KFDA) is in the advanced stage, ahead of the first commercial oil production...