Browsing: Crude oil in Uganda

• Mega oil projects in East Africa such as EACOP are transforming the way local content is executed
• Pan African Energy Tanzania (PAET) is transforming energy generation capacities in Tanzania
• Tanzania is planning to expand its power ambition by becoming an independent power provider beyond the border

TheTanzania Energy Congress (TEC) kicked off in the nation’s commercial capital – Dar es Salaam by summoning more than 1000 participants and 100 exhibitors from 25 countries worldwide at the forefront of top-tier discussions about partnership and groundwork.

TEC is unveiling several exciting issues that could bring Tanzania’s local players and international oil and gas companies on the same page and realize the East African ambition.

With local actors showcasing their groundwork up and downstream such as Tanzania Petroleum Upstream Regulatory Authority (PURA), Tanzania Petroleum Development Company (TPDC), as well as energy producers such as Tanzania National Energy Supply Company (TANESCO), the congress …

Uganda oil firms which abandoned oil infrastructure projects following tax payment disagreements with the Uganda Revenue Authority, now say they are keen to resume operations.

The companies have caved in to pressure and proposed fresh dialogue to resolve the current standoff with the government, after a month of suspending all technical activities in Uganda’s budding oil and gas sector.

British multinational Tullow, French oil major Total and China National Offshore Oil Company (CNOOC), the joint venture partners in Uganda’s oil development, are expected to present their new position which will form a basis to start fresh negotiations.

“The idea is that we need to have continued communication with the authorities to understand each other. We respect the frustrations of government and we believe they can imagine our situation. We have spent a lot of money already, $3.2 billion jointly with our partners,” said Total E & P general manager …

Uganda President Museveni has told off petroleum multinationals pushing for tax waivers as a pre-condition to further develop the country’s oil fields.

This is deepening a standoff that might affect the building of a critical export pipeline in the country.

According to the highly placed diplomatic sources, President Museveni is understood to have lashed out at petroleum companies accusing them of not appreciating the many adjustments the government has already made in order to facilitate the development of the Hoima oil fields which are estimated to have 1.7 billion barrels of crude oil.

The president listed 17 promises the government has delivered on emphasizing on four major ones which include an international airport still under construction, numerous concessions on taxes and tariffs, road network known as the oil roads and a number of legislations to facilitate the exploitation of the oil.

Also Read: Inside Kenya, Uganda’s crude oil

There have …

The anticipated East African Crude Pipeline project (EACOP) involving Tanzania and Uganda, has just been postponed by oil-goliath Total SA until further notice.

The reason given for the shelving of the project is due to a broken deal pertaining Tullow Oil Company failure to sell its stakes to Total SA and China National Offshore Oil Company (CNOOC), which occurred last week.

According to Reuters, a Ugandan official cited the project halt of the costly $3.5 billion with 1445km long, featured some marred issues, involving a taxing dispute with Uganda authorities.

“All East African Crude Oil Pipeline (EACOP) activities including tenders have been suspended until further notice because of the collapse of the deal” the official commented, under conditions of anonymity adhered.

According to a report by Bloomberg, Tullow Oil forcibly abandoned plans to sell a stake in Ugandan project and resume the deal afresh after-tax negotiations foundered the deal.

“The …