World Bank: Uganda could get rich on oil
Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. “If oil resources are well Continue Reading
Kenya To Start 2,000 Barrel-Per-Day Exports Next July
Lokichar Basin Kenyan officials said oil from the Lokichar Basin will begin reaching foreign markets at a rate of 2,000 barrels of crude per day by July 2017, according to Continue Reading
Tanzania, Uganda $4 Billion Oil-Pipeline Timetable Slips
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as Continue Reading
Tanzania Has Huge Gas Deposits – Mwijage
With over 57 trillion cubic feet of gas, the government has boasted of a huge capacity that can accommodate serious investors in petrochemical manufacturing. Industry, Trade and Investment Minister Charles Continue Reading
Gas Slump Defers Eastern African Nations’ Transformation
Construction workers building a new bridge against the skyline of Mozambique’s capital, Maputo, in April…. Along Africa’s resource-rich eastern coast, the promise of gas-fired prosperity is wafting into an uncertain Continue Reading
War-Torn South Sudan To Resume Oil Production In July
South Sudan’s transitional government has announced it will resume oil production by July after a halt of more than two years during a bloody civil war for control of the Continue Reading
Mozambique’s LNG Dreams Falling Apart
Mozambique is heading towards a major default on outstanding loans related to offshore natural gas infrastructure, symbolizing the deflating hopes for a major source of new natural gas production from Continue Reading
Kenya creates 17 new oil exploration blocks: media
Kenya has created an extra 17 new oil exploration blocks, bringing its total to 63 and aims to auction them in a licensing round in 2017, Kenyan newspapers quoted Ministry Continue Reading
More oil than thought in Kenya
A Canadian oil company with a focus on Africa said an independent survey of its holdings in Kenya led it to increase its reserve estimate by 24 percent. Africa Oil Continue Reading
Uganda: Tanga Pipeline to Take More Than Just Oil to Sea
Officials from Uganda and Tanzania will in the coming days meet to fine-tune the work plan for the development of the proposed Shs11 trillion crude oil export pipeline. The 1,400km Continue Reading