Market News

  • Kenya grants UNOC permission to import petroleum products through Mombasa

    Posted on :Friday , 5th April 2024

    Kenya has granted Uganda's state oil firm, UNOC (Uganda National Oil Company), permission to import petroleum products through the port of Mombasa, as confirmed by Uganda's energy ministry on Thursday. This decision comes as Uganda seeks alternative routes for importing petroleum, having historically relied on affiliated Kenyan firms for decades. Solomon Muyita, spokesperson for Uganda's minist. . .

  • WTS Energy planning to explore opportunities in Rwanda and Uganda

    Posted on :Wednesday , 28th February 2024

    Exciting strides are underway in the Oil & Gas sector, heralding a new era of prosperity for East Africa. WTS Energy, a leading global energy staffing provider headquartered in the Netherlands, views the East Africa Crude Oil Pipeline (EACOP) as a strategic gateway for its expansion into Uganda. Upon completion, this pipeline will facilitate the transportation of approximately 60,000 barrel. . .

  • Tanzania Welcomes First Shipment of Pipes for the Cross-Border EACOP Project

    Posted on :Friday , 9th February 2024

    The East African Crude Oil Pipeline (EACOP) Project reached a major milestone on December 12, when the first batch of pipes for the cross-border pipeline landed in Dar es Salaam. The company and its shareholders, including SuperDoll, the local logistics partner, expressed their joy and excitement at the storage yard where the pipes were delivered.


    The communities hosting the . . .

  • Uganda Attracts Record-Breaking Foreign Investments in Oil and Gas Sector

    Posted on :Monday , 15th January 2024

    FDI inflows to Kenya, Tanzania and Uganda soared to $13.3 billion in 2022, creating many jobs and boosting Uganda's oil and gas sector. Kenya attracted $2 billion and created 7,819 jobs with a 117% surge in investment inflows in one year.  


    Tanzania recovers from pandemic with $1.3 billion FDI and 4,566 new jobs in 21 projects.


    The 20th annual study an. . .

  • Kenya plans to buyback a 20% interest in Turkana Oil

    Posted on :Friday , 10th November 2023

    Kenya intends to repurchase up to 20 percent in the Turkana oil project in what could ultimately conclude whether the public authority supports the task's changed improvement plan and accessibility of assets.


    On 02 November 2023 Thursday, Energy and Petroleum Regulatory Authority (Epra) chief general Daniel Kiptoo said the public authority is yet to pursue a choice on whether. . .


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