Uganda Should Dedicate Oil Revenues To Infrastructure, Energy Development – Expert

Thomas Scurfield is the Economic Analyst for the Natural Resource Governance Institute and he is currently based in Tanzania handling taxation, revenue management and restructuring the National Oil Company. He spent 3 years in Sierra Leon working with the Ministry of Finance specializing in the Extractive Sector. Earthfinds’ Senior Reporter, Sam Jumbwike engaged him in a discussion about the prospects of Uganda’s Oil and Gas sector. Uganda is a new entrant in the petro club of Africa and we are in the infancy stage of devising most of the policies and decisions that are going to be used to manage the oil. What are some of the lessons that Uganda can draw from the countries that have walked this path before? There are a number of questions that a country has to ask itself when it is designing its fiscal regime. One is whether government revenue is the priority or…

Stanbic Bank Goes To Hoima For Oil Money

More commercial banks are entering Hoima town in western Uganda eying oil money. The latest bank to make the move is Stanbic Bank which opened up its branch early this week. The bank said it will provide "an enhanced service experience for customers in Uganda’s future oil producing region" by "rolling out specific financial services targeting the oil and gas industry." The bank's Executive Director Kevin Wingfield said Stanbic Bank has prioritized the oil and gas industry in all its operations. “Oil and gas is a core sector for the bank, and is supported by a dedicated team of experts who offer advisory support for a range of financial solutions,” he said. The bank promised to help its customers in Hoima and the region to tap into the oil sector by building their capacity and offering financial help. Hoima town is home to various commercial bank who are also eying…

Tanzanians Told To Prepare For Oil Jobs, Opportunities

The emerging oil and gas industry in the East African region present opportunities that will attract investment and create jobs, the East African Legislative Assembly (EALA) members explained during a field tour in Tanga region in Tanzania. Uganda, Kenya and Tanzania are freshly undertaking development of recently discovered natural resources like oil and gas. Uganda and Tanzania are undertaking a major infrastructure development to transport crude oil from Hoima, western Uganda, to the Tanzanian port of Tanga while Tanzania is laying different pipelines to transport its gas across the country. The two countries are planning for the implementation of the East Africa Crude Oil Pipeline (EACOP) project. The Assembly and authorities in Tanzania believe that the construction of the export crude oil pipeline from Hoima to Tanga will attract massive investment and create jobs which citizens can take up. About 1, 500 direct jobs and another 20, 000 indirect jobs…

Tanzania, Uganda Agree To Speed Up Construction Of Regional Pipeline

Officials from Tanzania and Uganda have agreed to speed up the execution of the US$3.5 billion East Africa crude oil pipeline (EACOP). Energy and Minerals minister of Tanzania, Sospeter Muhongo, and his counterpart, Irene Muloni, signed and exchanged documents that allocate roles to each party. Muhongo is reported to have stated that the speed in which the project was moving was impressive. He also urged stakeholders to support the project after stating that the meeting covered several matters – including the fiscal package, Tanga Port operations, infrastructure, the pipeline project team, land acquisition. Uganda sent a letter to the Ministry of Finance, Planning and Economic Development and the ministry has embarked on the legal analysis of the proposed fiscal package. In order to proceed with critical milestones, it was proposed that the parties consider removing the fiscal package from the inter-governmental agreement (IGA) to allow for an IGA to be…

Victoria University Oil And Gas Management Training Set

Victoria University‘s Oil and Gas Department has announced that registration for November-December 2016 Intake Oil And Gas Management Training is ongoing. The Kampala based University added that training in oil and gas management will start on 5th November2016. A statement released by the University elaborated that the training is conducted by professionals working in the oil and gas industry and other consultants practicing along the oil and gas value chain. Trainees will receive Certificates in Oil and Gas Management and O&G HSE Management. “These programs target professionals who are working in the oil and gas industry and those working for organizations and sectors whose businesses support the oil and gas industry. The programme includes an oil and gas education/field tour of the Oil Fields in the Albertine Graben (Hoima and Buliisa Oil Fields). The training program equips delegates with skills and knowledge to start a rewarding career in the oil…

Kenyan Truckers For Early First Oil Shipment

Truck owners are on the verge of cashing in on the first Kenyan oil shipment after Oil Company Tullow Oil Plc’s said it’s seeking trucking companies to transport crude from northwestern fields to the port city of Mombasa. Kenya is expected to see its first oil next year. The truckers according to Tullow will move crude in insulated containers from a production facility near Lokichar, Turkana County, to storage facilities run by Kenya Petroleum Refineries Ltd. The statement by Tullow said it plans to lease 100 ISO T11 standard insulated containers with a minimum fluid capacity of 25,000 liters. Kenya, which has about 750 million barrels of recoverable reserves, plans to construct a 865-kilometer (538-mile) pipeline linking the northern fields to a port being built on its Indian Ocean coastline by 2021. But government says initial production of about 2,000 barrels per day, expected June next year will be hauled…

Vivo Energy Commits To Exceptional Retail Experience As Java Coffee House Opens Jinja Branch

Consumers live busy lives and their time is becoming more limited and fragmented every day. So when it comes to shopping, they may not always be 100 percent focused in the task at hand. In order to keep up with them, retailers are increasingly innovating ways that make it easier and more convenient for their customers to get what they need and not miss a beat in the process. When you visit Fuel stations in Uganda, you realise that there is a lot of improvement in the convenience retail section. Most fuel companies are making shopping easier than ever before; most of them have opened up convenience retailing stores which include mini super markets, Restaurants and coffee shops among others. Shell Uganda led the way in convenience retailing in 1998 when it opened the very first Shell Select store at Shell Bugolobi in Kampala. This was during the time when…

Australian Firm SMEC To Develop Uganda Oil and Gas Industrial Park Master Plan

This year, government of Uganda, through the Ministry of Energy and Mineral Development, contacted an Australian firm called SMEC engaging them with the idea of developing a Master Plan for an Oil and Gas Industrial Park in Kabaale, Hoima District, western Uganda. Uganda is fast tracking production of its oil and gas discovered in the Albertine Graben in 2006 therefore to maximize value from the resource, the Government of Uganda has allocated approximately 3,000 Ha of land for the project, making it one of the largest industrial parks in the world. A press statement released by SMEC recently explained that the Industrial Park is intended to form part of a new industrial city encompassing: an oil and gas refinery; energy, petrochemical and other strategic industries; an international airport; commercial and administrative areas; health and education facilities; residential neighbourhoods; public spaces; and green areas. During construction the refinery will create approximately…

Tanzania, DRC For Joint Hydrocarbons Exploration In Lake Tanganyika

Tanzania and the Democratic Republic of the Congo (DRC) are looking at joint exploration and development of hydrocarbons in Lake Tanganyika according to a memorandum of understanding the two countries signed on Tuesday. "We have signed a memorandum of understanding to exchange experiences in exploration and exploitation of petroleum in Lake Tanganyika," President Joseph Kabila of DRC told the media in Dar es Salaam. He was in Tanzania for a three-day state visit. He held talks with his host President John Pombe Magufuli. The two presidents believe that the world's second largest by volume and second deepest lake has hydrocarbons. "We have also discussed mutual cooperation in the proposed crude oil pipeline project to be constructed from Uganda to Tanzania. Uganda is expected to start producing oil soon and Congo will also in the next few years begin its own oil production," Kabila said.

Demystifying Fuel Octane Levels To Reinforce Shell’s Leadership In Innovation

By Paul Duke Kaganzi What is octane and fuel octane level. Octane is a flammable hydrocarbon liquid that along with other hydrocarbons such as pentane, hexane, heptane and many others is refined from crude oil and make up the blend of chemical components called petrol. In fuel performance terms octane rating is not based on the amount of chemical octane in the gasoline. Octane rating or Octane number is a standard measure of the performance of an engine fuel. The rating is called octane because of the gasoline’s ability to withstand compression before igniting (slow burn) and preventing engine cylinder knock. In other words the higher the Octane number, the more compression the fuel can withstand before igniting. Petrol or gasoline’s ability to withstand compression is rated against the performance of pure hydro carbon octane which has a rating of 100. In Uganda regular unleaded petrol procured by all dealers…
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