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2014-09-02 18:00:00

UGANDA: 85% UP

UGANDA: 85% UP

KAMPALA, Aug 29 - Uganda has revised upwards its oil reserves by 85 percent to 6.5 billion barrels after an appraisal that also showed commercial deposits of natural gas, officials said.

The east African country discovered commercial hydrocarbon deposits in the Albertine rift basin that straddles its border with the Democratic Republic of Congo in 2006.

Production has been repeatedly delayed since then by contractual disagreements, tax disputes and infrastructure setbacks and is now expected from 2017.

In a speech seen by Reuters on Friday, Ernest…

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Tags: UGANDA, OIL, GAS, TOTAL, CNOOC, CHINA
Chronicle:
UGANDA: 85% UP
2020, August, 10, 11:35:00
OIL PRICE: NEAR $45 AGAIN
Brent rose 34 cents, or 0.8%, to $44.74 a barrel , WTI were up 47 cents, or 1.1%, to $41.69 a barrel.
UGANDA: 85% UP
2020, August, 10, 11:30:00
GLOBAL STOCKS UP
The broader Euro STOXX 600 rose 0.6%
UGANDA: 85% UP
2020, August, 10, 11:25:00
OIL, GAS M&A
The top country in terms of M&A deals activity in Q2 2020 was the US with 83 deals, followed by China with 33 and Canada with 21.
UGANDA: 85% UP
2020, August, 10, 11:20:00
U.S. EMPLOYMENT UP 1.8 MLN
U.S. employment rose by 1.8 million in July
UGANDA: 85% UP
2020, August, 10, 11:15:00
SAUDI ARAMCO NET INCOME $23.2 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its results for the second quarter and first half of 2020,
UGANDA: 85% UP
2020, August, 10, 11:10:00
SAUDI ARAMCO INVESTMENT $13.6 BLN
Saudi Aramco capital expenditure was $6.2 billion in Q2 and $13.6 billion for the first half of 2020.
UGANDA: 85% UP
2020, August, 10, 11:09:00
POWER PURCHASE AGREEMENT BANKABILITY
This PPA workshop will draw on a database of some 100 PPAs from across the world and all types of power generation technologies. We will further discuss a wide range of country and project case studies from emerging markets and compare them with international experience in the power sector.
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