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Stanbic places hope in oil sector for rebound.

Stanbic bank estimates Uganda’s economy will rebound to the 5 per cent growth levels partly as a result of the expected investments in the oil and gas sector. While releasing its half-year numbers for 2017, where the bank’s profit after tax dropped by 11 per cent to Shs 95 billion …

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Kenya-Uganda pipeline: Let`s get it right this time

Around midday on Friday, February 1, 2013, a significant meeting took place at the Ministry of Energy offices at Amber House, Kampala Road. The names of the companies vying for the construction of the Kenya-Uganda petroleum pipeline from Eldoret to Kampala were unveiled. With that, a vital topic was reawakened: …

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Marathon Pumps Up Eq. Guinea’s Gas Production

American independent Marathon Oil has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea. Production from the B3 platform allows Marathon Oil to convert approximately 780Billion cubic feet (or130 million barrels of oil equivalent),of proved undeveloped reserves, more than doubling the Company’s remaining proved …

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Total in last pitch for Tanga pipeline route

Patrick Pouyanne, the Chief Executive Officer of France?s Total Group, held a meeting with President Yoweri Museveni in Jinja just before Christmas, where the two discussed the need for Uganda to mainly consider the financial implications while choosing which route the country?s crude export pipeline should take. Uganda is said …

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Wapakhabulo to head Uganda NOC

Dr Josephine Kasalamwa Wapakhabulo, will become the first ever CEO of the Uganda National Oil Company Ltd (UNOC), when her appointment takes effect on August 1, 2016. A statement signed by Emmanuel Katongole, the Chairman of UNOC, notes that the Board of Directors is confident that Dr Wapakhabulo will bring …

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