The global list of crude oil exporters will expand with Uganda early next year as the African country is moving closer to first oil from a project whose crude will flow through a new pipeline to Tanzania’s coast.
Uganda has named its new export crude blend “Pearl Sweet” as the country’s $15 billion Tilenga-Kingfisher-EACOP development moves toward first oil and exports. Pearl Sweet will combine crude produced from the TotalEnergies-operated Tilenga development and CNOOC-operated Kingfisher development. The streams will be commingled at the Kabaale Shared Facilities in Hoima before entering the East African Crude Oil Pipeline (EACOP) […]
The governments of Tanzania and Uganda on Thursday signed a non-binding agreement with the Bahrain unit of global commodities trader Vitol to develop a regional energy hub at the Port of Tanga, Tanzania.
Uganda plans to issue new oil and gas exploration licences in the fiscal year beginning in July 2025, Reuters reported on Wednesday.
Non-profit organisation Climate Rights International (CRI) urges banks, financial institutions, and insurers to decline to provide further support for Uganda’s Kingfisher oil project.
Uganda is conducting oil exploration in two additional regions that could boost the country’s proven reserves beyond the current 6.5 billion barrels.
The first oil shipment destined for Uganda docked at the port of Mombasa on Wednesday, marking an end of Kenyan oil market companies fuel transit business to the neighbouring country.
Two tankers carrying the maiden consignment of petroleum products directly imported by Uganda will dock at the Mombasa port next week, marking an end to the monopoly long enjoyed by Kenya oil marketers.
The East African Crude Oil Pipeline (Eacop) project, a daring $5 billion (about R89bn) initiative that seeks to construct a 1 443km oil pipeline on a 30m-wide corridor stretching from the Hoima District, west of Uganda, to the port of Tanga, on Tanzania’s east coast, has been the subject of criticism by environmental and human rights organisations.
Uganda will start importing fuel directly from next month in a deal with Vitol Bahrain which the country hopes will supply cheap petroleum products.