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Commercial efforts by Uganda to extract and commercialise her oil and gas resources received a major boost this week as the East African Crude Oil Pipeline (EACOP) Ltd on 26th of March 2024 inaugurated its Thermal Insulation Plant (TIS Plant). The East African Crude Oil Pipeline is a 1,443km crude oil export infrastructure that will transport Uganda’s crude oil from Kabaale – Hoima in Uganda to the Chongoleani peninsula near Tanga in Tanzania for export to the international market. This major export system includes 1,443 km (296 km in Uganda and 1147km in Tanzania) of insulated and buried 24” inch…
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In the wake of the announcement of the Final Investment Decision (FID) in February 2022, the Petroleum Authority of Uganda (PAU) has sanctioned contracts valued at approximately USD7.16 billion. Of this sum, nearly USD1.8 billion (equivalent to UGX7 trillion) worth of contracts has been allocated to Ugandan companies. These contracts are currently at various stages of execution. Ms. Gloria Sebikari, the Manager of Corporate Affairs at PAU, anticipates a surge in contract numbers once construction begins on the East African Crude Oil Pipeline (EACOP). She stated, “most of the contracts awarded thus far are in the upstream sector, but we…
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2024 will be a defining year for Uganda’s oil sector with several investment deals to be inked as the oil project nears its first oil in 2025. Noteworthy is that…
The World Bank has, in its latest forecast, painted Uganda’s economic prospects for 2024 as much brighter compared to her neighbours in the Sub-Saharan Africa region. The World Bank published its ‘Global Economic Prospects Report’ on 8th January showing Uganda’s growth is projected to strengthen between 5.4 percent in 2024 and 5.7 percent in 2025 largely backed by oil investments. This is slightly below the Bank of Uganda’s projections at 6 per cent for the Financial Year 2023/24 supported by the continued recovery of industry, agriculture, construction, services and continued foreign direct investments. The World Bank shows a similar pattern…
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Hoima High Court Judge, Byaruhanga Jesse Rugyema on Friday 8th ruled in favour of the government allowing for over UGX 950m compensation money for defiant oil Project Affected Persons (PAPs) to be deposited in court. The court case was on Miscellaneous Cause 24 of 2023 and ensued on 4th December involving the Ministry of Energy and filed by the Attorney General on behalf of the government against 42 land occupants within Buliisa and Hoima Districts over 60 acres of disputed land that stalled the Tilenga Oil Project operations by French oil giant, Total Energies. The ruling therefore gave a…
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In our continuing coverage of Ugandans excelling abroad, CEO East Africa Magazine shines a spotlight on Mwesiga Kenneth Asiimwe, a Business Segment Operations Manager and Geofrey Kazungu Mulera, a Project HSE Lead, both at Halliburton, one of the world’s largest providers of products and services for the ever-evolving needs of the energy industry. We also profile, Allan Mugisha, a Well Engineering Manager at Springfield E&P, a wholly-owned Ghanaian oil and gas company; as well as Joseph Kibirango, a Project Manager with Tullow Oil Plc in Accra, Ghana. CEO East Africa Magazine also features Herman Mukisa, a Senior Reservoir Engineer with…
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Total E&P Uganda General Manager, Mr. Pierre Jessua (C) hands over a certificate to Dez Liz Habwahangirwe one of the graduating students from the Total E&P Uganda Welders training program at the graduation ceremony in Hoima town. Looking on is Samuel Araali Kisembo, Resident District Officer Hoima (R) Total E&P Uganda, has today unveiled the first group of internationally certified oil and gas welders at Buhimba Technical Institute in Hoima. This follows the successful completion of an intensive 3 months training course on 2G and 4G coded welding undertaken by the students and assessed to the American Welding Society Standard. …
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By Ken Kitariko The global economy remains fragile with European economies dragging global growth, and China not helping either afflicted by a myriad of challenges including asset bubbles and a slowdown in economic activity. America is the only bright spot with unemployment falling and economic activity appearing somewhat strong. However the big story in the global economy is the recent rout in oil prices. The jury is still out the whether the fall in oil prices will be a net benefit to the global economy or a negative. What is clear is that there is emerging a dichotomy of countries-…
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By Silvia Nyambura The discovery of oil in Uganda, if well utilized will definitely transform the economy. According to Tullow oil the company contracted to do the exploration in partnership with Total and CNOOC, between 1.2 billion to 1.7 billion barrels of recoverable petroleum resources are expected in Uganda once production begins. Currently, Uganda consumes about 25,000 barrels of oil per day and the oil companies expect the approved refinery to produce up to the capacity of 60,000 barrels per day. The government has already shortlisted 6 international companies for the development, implementation and operation of the refinery to be…
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