Uganda’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…
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Oil reserves:1.4 billion barrels
Gas reserves:14.2 bcm
Expected future oil production:240,000 bopd
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 the 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.”
TotalEnergies has finalised the acquisitions of VSB Group in Europe, SN Power in Africa and a series of solar and wind projects…
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UAE-based Alpha MBM Investments will invest in the development of a 60,000-bpd refinery in Kabaale, Uganda.
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Andrew Jackson of Inception talks about developing practical AI tools for the UAE’s oil and gas sector.
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Ministers, executives and technology pioneers will convene next week for ADIPEC 2024.
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Uganda plans to issue a new set of oil and gas exploration licences in fiscal year 2025/26.
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Michel Ussene of Mitra Energy talks about the company’s prospects for consolidating its retail fuel distribution network in…
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Uganda's energy minister says the country is exploring for oil in two new regions.
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Uganda’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…
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Total 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…
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Uganda 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…
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Uganda 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…
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Total 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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Uganda will export its crude through Tanzania, the government announced over the weekend, abandoning earlier plans for a pipeline route across Kenya. Uganda now…
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Kenyan President Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni have decided to reconvene in two weeks’ time for talks on the route of a proposed crude…
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NGOs and international environmental rights organisations called for the governments of Uganda and Democratic Republic of the Congo to ban drilling operations near and…
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Uganda and Tanzania have inked an agreement to evaluate the possible construction of an oil pipeline linking the two countries.
Uganda’s Ministry of Energy and…
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The Ugandan government has shortlisted 17 oil and gas companies for the country’s first competitive bid round.
The country’s energy ministry will award six…
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