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.
TotalEnergies EP Uganda (TEPU) is establishing a new benchmark for sustainable energy practices as Uganda approaches its oil production phase. This was disclosed by the Company’s General Manager, Philippe Groueix, during his address at the ongoing 9th Oil and Gas Convention in Kampala. Groueix emphasized to the energy experts gathered at the Serena Hotel the importance of pursuing a just energy transition.
Following the Final Investment Decision (FID) announcement in Feb, 2022, the Petroleum Authority of Uganda (PAU) has approved contracts worth US$7.16 billion in the ongoing oil and gas development projects.
The Uganda National Oil Company (UNOC) has reiterated commitment to developing national content within the oil and gas sector.