President Kenyatta Calls For Proper Management of Oil Income as Trucking Begins

President Uhuru Kenyatta today said Kenya will effectively manage oil and other natural resources to avoid the negative results that have confronted many other nations following new discoveries. Speaking during … Read More

Uganda Lures DRC into the East Africa Crude Oil Project

The Uganda government is trying to interest the Democratic Republic of Congo to use the East Africa crude oil project (EACOP) to export its oil. Earlier this week Minister of Energy … Read More

Total Gets Stake in Turkana Following acquisition of Maersk Oil

Total has announced that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas, a wholly owned subsidiary … Read More

Stanbic, Sumitomo Mitsui, IBC Selected As Financial Advisors For East Africa Crude Oil Pipeline

Standard Bank Uganda alongside Japan’s Sumitomo Mitsui Banking Corp. will be tasked with raising $3.55 billion required for the Hoima to Tanga 1,445-kilometer (898-mile) pipeline after they were contracted by … Read More