Government, firms race to beat 2020 first oil deadline

An expert watches a flaring experiment at one

An expert watches a flaring experiment at one of the wells in the Albertine Graben. Government is looking to establish a refinery as well as a pipeline to transport oil for trade. FILE PHOTO

Kampala – Energy minister Irene Muloni, disclosed Tuesday, that government has given the three oil joint venture (JV) partners, France’s Total E&P, UK’s Tullow Oil and China’c Cnooc, up to December 31 as deadline for closing Final Investment Decision (FID) on proposed investments in the next development and production phases leading to Uganda’s first oil.

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Akon wants to bring solution to ‘darkness’ in Africa Akon Lighting Africa Project is an initiative by the Senegalese-American hip hop singer Aliaume Damala Badara Akon Thiam better known as Akon.

With about 1 billion dollars credit line for launch from international banks, 15 countries of operation and 480 communities covered. 100,000 solar street lamps, 1,200 solar micro-grids, 102,000 solar domestic kits, about 75,000 dollars per village on average and about 5,500 indirect jobs created, Akon Lighting Africa is a reality in 15 African countries such as Mali, the Republic of Guinea, Benin, Senegal, Niger, Gabon, Equatorial Guinea, Congo-Brazzaville, Kenya, Sierra Leone, Burkina Faso, Nigeria, Madagascar, Namibia. Read more

Tanzania unaware of Acacia, Endeavour mining merger

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These Oil Majors Just Made Egypt Their Highest Priority

Egypt Oil

Since 2011, political instability and regional insecurity have plagued Egypt’s economy, and the energy sector has not been spared. Until recently a net gas exporter, Egypt turned into a net importer in 2014 after political turmoil plunged the country into continued energy shortages, with domestic demand outstripping supply. In addition, shattered investor confidence and several devaluations of the local currency deterred foreign companies from investing in Egypt. Read more