Low Oil Prices - East Africa Could Lose Out
The countries may miss out on cheap stockpiles due to inadequate storage facilities.
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East Africa:
Oil - Countries May Lose Out on Low Prices
Capital FM, 9 February 2015
East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, a new research paper released by Deloitte East… Read more »
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Uganda:
Uganda Oil Now for 2020
Independent (Kampala), 8 February 2015
With Uganda set to build a larger refinery, investor interest is heating up for its oil What did the country do wrong? Read more »
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Rwanda:
Rwanda Fuel Prices Continue to Slide Down
EA Business, 8 February 2015
Rwanda's fuel prices continue to go down following the trends on the international market. Read more »
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East Africa:
Vivo Imports Cleaner Fuel to Meet EAC Standards.
The Star, 28 January 2015
OIL marketer Vivo Energy has started conforming to new regional standards for cleaner fuel with a consignment of 65,000 metric tonnes of low sulphur diesel expected by end month. Read more »
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Africa:
How Will the Oil Price Collapse Affect the Africa Rising Story?
African Arguments, 27 January 2015
I have vowed never to use the overused phrase 'Africa Rising' ever again, having long been somewhat cautious of the integrity of the projected growth rates and prospects for… Read more »
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East Africa:
Weak Global Economy Dampens EAC Oil Hopes
New Times, 25 January 2015
The World Bank says in its 2015 global economic prospect report that several low-income countries, including those in East Africa, may graduate to middle-income status on the back… Read more »
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Kenya:
How the Kenyan Industry Is Viewing the Global Oil Market
Capital FM, 21 January 2015
In the latest fuel price review the Energy Regulatory Commission (ERC) shed off Sh9.13 for a litre of petrol, diesel Sh7.50 and kerosene by Sh5.78. Read more »
InFocus
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Motorists will get some relief at the pumps as fuel prices drop again, with the Energy Regulatory Commission attributing the decrease to the reduction of imported crude oil costs. Read more »
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The private sector has cautioned the government not to make the same mistake in the oil and gas industry as witnessed in the mining sector where multinationals benefited more than ... Read more »
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Experts have expressed concern that the discovery of major oil reserves in Uganda and Kenya would not benefit the countries' populations until infrastructural and political ... Read more »