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Uganda: Oil Prospects Excite Experts
Monitor, 25 November 2009
Uganda is in a pole position to become one of the top 50 oil-producing countries in the world in six years, according to experts. Read more »
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Uganda: Govt Yet to Okay Sale of Oil Wells to Italian Firm
New Vision, 23 November 2009
THE Government has not yet approved the sale of Ugandan oil fields to an Italian company, a senior energy ministry official has said. Read more »
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Uganda: Oil Firm Pulls Out of the Country
New Vision, 22 November 2009
British oil explorer Heritage Oil will sell its fields in Uganda to Italian oil group Eni SpA for between $1.3b and $1.5b, the London-based Sunday Times said yesterday. Read more »
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Uganda: Country to Earn U.S.$300 Million From Oil Firm Sale
EA Business, 1 December 2009
Uganda government could earn over US$300million in taxes from the sale of a company disposing of its stake in Uganda's oil fields in Western Uganda, according to highly placed… Read more »
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Uganda: Oil Deals Must Be Transparent
Monitor, 24 November 2009
It's now official. The oil find in blocks 1 and 3A in the Albertine region are gone to leading Italian multi-national company, Eni S.p.A. Heritage Oil Plc, hitherto operators of… Read more »
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Uganda: Why Country's Oil is Like Prostitutes And Gamblers
Monitor, 24 November 2009
I was quite tickled that Mr Tony Buckingham, the shrewd ex-mercenary and chief of Heritage Oil, is set to make £80million (Shs240 billion) from selling its lucrative oil… Read more »
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Uganda: Urgent Need for Cash Behind Heritage Sale
Monitor, 24 November 2009
Heritage Oil and Gas Company is apparently offering its business stakes in Uganda to Italian energy giant Eni S.P.A because it lacks sufficient financing to construct oil… Read more »
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Uganda: Leaked - 2004 Heritage Oil PSA
Independent (Kampala), 23 November 2009
There's been a lot of news on the oil front in the past few days. Today, it was announced that Heritage Oil has sold its stake to Italian energy giant Eni S.p.A. for $1.5 billion… Read more »
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Uganda: Loopholes in Oil Agreements Revealed
Monitor, 22 November 2009
Uganda settled for relatively unfavourable terms from agreements she signed with companies currently working the huge oil fields discovered in western Uganda, according to a new… Read more »