Uganda has drilled 74 oil wells in its two production areas in the western and northern regions of the country ahead of commercial production scheduled for next year. Ruth Nankabirwa, Minister for Energy and Mineral Development, told journalists at a press conference in the Ugandan capital Kampala on Wednesday that the wells were drilled in […]
Uganda has costliest fuel in East Africa despite direct imports
Uganda has failed in its bid to lower prices of petrol and diesel in Kampala through a deal to directly purchase fuel from oil and commodities giant Vitol Bahrain. This is after diesel price in Kampala jumped this week to $1.38 per litre from $1.37 while that of petrol rose to $1.47 from $1.46, meaning that Kampala has […]
Questions over Uganda’s extra diesel cargo in Mombasa
Uganda’s bid to supply low-cost fuel got off to a messy start last week with Kenya charging millions of dollars in bond fees, just 12 hours after the first batch of petroleum products for Uganda National Oil Company (Unoc) landed in Mombasa.Ahead of Unoc’s long-awaited arrival of first fuel imports on July 2, government officials […]
Uganda oil imports land, end Kenyan firms’ fuel transit business
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. MT Navig8 Matines, sailing under the Liberian flag docked at the new Kipevu Oil Terminal 2 (KOT2) at 7.15 am (GMT +3) carrying about 60,000 metric […]
First batch of Uganda oil imports near Mombasa port, ends Kenya monopoly
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 imports are part of a negotiated deal between Uganda National Oil Company (Unoc) and Vitol Bahrain that targets to lower pump […]
Kenya monopoly of Uganda oil imports to end
Uganda will start importing fuel directly from next month in a deal with Vitol Bahrain which the country hopes will supply cheap petroleum products.Energy and Mineral Resources Minister, Ruth Nankabirwa, told oil marketers in a circular that Uganda National Oil Company’s (Unoc) maiden cargo of super petrol and diesel would arrive between June 18 and […]
Gallery
Stay ahead in a rapidly world. Subscribe to Prysm Insights,our monthly look at the critical issues facing global business.
Finshares Investments increasing financial markets understanding in Uganda.
Gallery
© 2024 Marc Brands All rights reserved