Over 45 fuel station have been listed for by the Energy ministry and Uganda National Bureau of Standards (UNBS) closure over selling fake fuel. A report from the Rev Frank Tukwasibwe, the commissioner of Petroleum Supply Department in the Energy ministry stated that the affected fuel stations failed the quarterly fuel marking exercise that differentiates […]
Uganda is committed to developing its petroleum sector across the entire value chain, and clear strides to move the country’s key assets from the exploration phase into the development phase have been made. The country offers opportunities for companies looking to explore, develop and utilise its petroleum assets. Hon Irene Muloni, the Minister of Energy and Mineral […]
The 1,445km East African crude oil export (EACOP) pipeline is being constructed between Kabaale in the Hoima District of Uganda and Chongoleani in Tanga, Tanzania.On completion, it will become the world’s longest heated crude oil export pipelines.The Governments of Uganda and Tanzania signed a $3.5bn inter-governmental agreement in May 2017 for the development, which is expected […]
President Yoweri Museveni has disclosed that the Government will use gas extracted from the Lake Albert Region in Western Uganda for processing iron ore into finished products. The President was addressing a public rally that was held in Rubuguri Town Council in Bufumbira North Constituency in Kisoro district. The President is currently on a tour […]
Irish oil giant Tullow oil Uganda has this Wednesday been ordered to pay the $407,095,366 (about four hundred and seven million US dollars) to the government of Uganda in Capital Gains Tax by the Tax Appeals Tribunal. Tullow had challenged a capital gains tax assessment of $472,748,128 by the Uganda Revenue Authority with the oil firm citing […]