Antonio Bravo Neto, the general manager of Petromar, talks to TOGY about the investment climate, the outlook for the industry and areas of growth. Petromar performs…
READ MOREUganda's Energy Industry
Uganda's energy industry In figures
Oil reserves:1.4 billion barrels
Gas reserves:14.2 bcm
Uganda: All Eyes on Sustainability
Uganda’s oil and gas industry is attempting to quickly build up its infrastructure to take advantage of opportunities found in recent hydrocarbons discoveries before the world transitions away from fossil fuels towards more sustainable energy sources. Since oil was first discovered in 2006, the government has put comprehensive measures in place to ensure the efficient and value-added development of the nation’s petroleum resources, most of which are found alongside its western border with the Democratic Republic of Congo. More than 20% of Uganda’s impressive oil and gas reserves are thought to be recoverable.
Uganda’s petroleum industry is regulated by the Petroleum Authority of Uganda in tandem with the state-run Uganda National Oil Company, which heads its upstream operations. The Ministry of Energy and Mineral Development is the government entity responsible for developing and managing the nation’s energy resources. The country has successfully attracted international players such as TotalEnergies and China National Offshore Oil Corporation in developing the country’s upstream, midstream and downstream potential.
While being East Africa’s third-largest economy, more than 60% of Ugandan citizens lack adequate energy supply. Greenfield investments in the upstream industry have the potential to halt the country’s reliance on energy imports and add to its economic development through exports to the region. The country has significant renewable energy potential, including hydropower, biomass, solar, geothermal, wind and peat. Uganda National Renewable Energy Efficiency Alliance cites the country’s overall renewable energy potential as 5.3 GW.
“The energy industry is crucial, especially because of associated industries like infrastructure, processing and fabrication. Activity will not happen if there is no electricity. Electricity and other forms of energy are essential,” Ugandan President Yoweri Kaguta Museveni told the Energy Year. “Oil is finite and exhaustible, so we should use the oil money to create durable capacity. This capacity will be for modernising our railways, our energy and our transportation. That will attract the business that needs this infrastructure, especially manufacturing.”
Uganda News, Interviews and Articles
Uganda is targeting net-zero emissions from its booming energy industry by 2062.
READ MORETotalEnergies has hired former prime minister of Benin Lionel Zinsou to assess its land acquisition programme related to its…
READ MOREUganda has extended the exploration licence of two oil and gas blocks to Nigerian independent Oranto Petroleum for two years,…
READ MOREMike Douglas, CEO of SKA International Group, talks to The Energy Year about the company’s pioneering provision of fuel and…
READ MORESteve Thomas, managing director of Africa Geophysical Services (AGS), talks to The Energy Year about variables affecting demand…
READ MOREUganda is set to begin the drilling programme at the Kingfisher oilfield today, state-run Petroleum Authority of Uganda…
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A new era for the Lobito terminal
INTERVIEW
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Blair Ferguson, Kenson Group CEO, talks to TOGY about upcoming opportunities in Trinidad and Tobago’s hydrocarbons market and regional expansion. Kenson Group began…
READ MOREArmour Energy signed the first exploration deal under Uganda’s 2015 protracted licensing round, international media reported on Thursday.
The PSA covers the…
READ MOREA consortium of GE, Saipem, Yaatra Ventures and Intracontinent Asset Holdings will build Uganda’s first refinery, international media reported on Monday.
The…
READ MOREUganda’s government is planning to sign three exploration deals next month, international media reported on Wednesday.
The recipients weren’t specified, though…
READ MOREUganda’s Ministry of Finance has put in a loan request to the Chinese Export-Import (ExIm) bank for USD 500 million. The loan would form the bulk of the USD 564…
READ MORETotal has snapped up stakes in Tullow Oil’s Uganda exploration areas in a deal worth close to USD 1 billion, the companies announced on Monday.
The independent…
READ MOREUganda aims to start construction of a crude export pipeline via Tanzania in January 2017, Minister of Energy and Minerals Irene Muloni said late on Wednesday, adding…
READ MOREUganda has initiated talks with an SK Engineering & Construction-led consortium for the construction of a USD 2.5-billion refinery, the country’s Ministry of Energy…
READ MORETotal on Tuesday announced the acquisition of oil and gas logistics assets in East Africa from Gulf Africa Petroleum Corporation. The deal, the value of which was…
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