I think Uganda is poised to make a very big impression in the oil and gas story. The wait may seem long, but every step that has been taken over the years has been necessary and vital to ensure the success and sustainability of the industry,” Sekatawa said. Soon after Tullow’s announcement, Government through the Permanent Secretary Ministry of Energy and Mineral Development (MEMD), Robert Kasande said that Government has in principle agreed on the tax treatment of the transaction. We are building the Local Content Fund and making sure that Ugandans definitely participate not only in oil and gas but Among the sixteen sectors that have been ring fenced for Ugandans to supply goods and services in the oil and gas sector youth have been encouraged to seize opportunities especially in catering, security, supply of locally sourced construction materials and ICT, Further discussing interventions to ensure youth access available opportunities in the sector Joel Bamwise, programmes manager Stanbic Business Incubator said they are working in partnership with UNDP to avail trainings to the youth. uganda - kenolkobil - service stations. Even if Kenya doesn’t have the pipeline they have a lot to benefit from Uganda’s oil and so we have to have a very good relationship otherwise we’ll be chocked. Under direct supervision, responsible for field level implementation of HSE policies, procedures and guidelines as instructed. That goes to show you the magnitude …. As part of efforts to prepare youth for the sector Alex Byamukama, National Content officer at the Petroleum Authority of Uganda, said they are working closely with the Stanbic Bank Business Incubator to build capacity for young people through business training, mentoring and coaching in addition to engaging other stakeholders on how to bring youth into the conversation on local content. Now that we have oil and have an investor and have skilled people the issue is commercial banks (forget about the Central bank, government, UDB and all these things I was talking about) as luck would have it are all owned by strong shareholders. KAMPALA, Uganda (AP) — Uganda, Tanzania and French oil company Total signed agreements Sunday on building a heated pipeline to carry crude oil from western Uganda to the Indian Ocean coast. This for me is where I see an area of great opportunities but also opportunities that bring about our east African story. And then South Sudan is another area with a lot of oil they could join their oil to our pipeline and Congo could join their oil to our pipeline so this pipeline becomes not only East African pipeline but we could make pipelines for the final products to southern Tanzania and we could use the same from Tanzania to Uganda to bring in gas and we could explore our iron ore and start a steel industry because there is gas in Tanzania plus our own and we could combine. What we need is to team up with other companies who have the financial capacity and technical know-how to join us. Uganda companies will be awarded contracts worth about $167m, or Shs605.2bn, out of the $1.3bn engineering, procurement, and construction tenders for the Tilenga and Kingfisher oil and gas projects, the energy ministry said, according to award recommendations submitted by the oil companies. Government has to seek certain rights because the pipeline which is going to be owned by Uganda and Tanzania, Total and CNOOC and all Another way to prevent getting this page in the future is to use Privacy Pass. Once completed it will become the world’s heated crude oil pipeline. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Uganda, Tanzania and the oil companies Total and CNOOC signed three key agreements on Sunday that pave the way for construction to start on the planned east African crude oil pipeline (EACOP). You may need to download version 2.0 now from the Chrome Web Store. He said as an energy company with a strong sense of social responsibility, CNOOC Uganda is committed to supporting the education sector which falls well in line with the Company’s Corporate Social Responsibility Initiatives which include environment, health, education and sports. Which oil companies are licensed in Uganda? PAU would only approve the LCPs to the extent it deems them satisfactory and compliant to the provisions of the law. Stakeholder engagement meetings were also undertaken in the 10 pipeline districts crossed by the pipeline – of Hoima, Kikuube, Kyankwanzi, Kakumiro, Mubende, Gomba, Rakai, Lwengo, Kyotera, and Sembabule. EACOP Project Director Maxim Marchenko gives a media interview on the sidelines of one of the public hearings. After they have agreed Total to buy Tullow, Total and CNOOC will have to go through their paperwork on preemption clauses. of vacancies: 18 Deadline: 26 March 2021 Hiring Organization: MPOWER Oil Company Limited JOB DETAILS: • HRM 1 CNOOC Uganda’s Head of Corporate Affairs Mr Zakalia Lubega said despite COVID times that have hit the world globally, CNOOC feels that it is important to push forward the dream of the excellent performers in the area of operation. • These are deep huge shareholders and are all looking for business. In another case, Neptune Oil abandoned waste in Aviv 1 – one of its dry wells after its licence expired in 2014. Now, the Regulations impose hefty fines for non-compliance. And also our exports were not sufficient to warrant a very strong statement from the investors in the commercial banking space. The first indigenous president of one of the first oil companies to do exploration in Uganda, Karuhanga, also the chairman Uganda Chamber of Mines and Petroleum, has seen it all. Dr Jane N. Mulemwa, was retained as the Chairperson of the seven-member board. Karuhanga gives his three cents about those prospects in this last part of his interview with Stanbic Bank’s Head of Enterprise Development, Tony Otoa. contributions. “Awarding the students with prize money and certificates is a move to motivate them particularly those below and getting to the candidate classes and this indirectly contributes to improved performance of students in Hoima and Kikuube Districts in regard to national standings” said Aminah Bukenya, CNOOC Uganda’s Media and Publicity Manager. In 2013 is when you see all these laws and regulations coming out. If there is a change in politics will the government in charge during the time affect their interests? The first indigenous president of one of the first oil companies to do exploration in Uganda, Karuhanga, also the chairman Uganda Chamber of Mines and Petroleum, has seen it all. To date, the Program has rewarded 540 students as follows (60 in 2013; 90 annually in 2014, 2015, 2016, 2017 and 2018; 120 students in 2019 and this year, 2020, 120 more students will be rewarded which will bring the cumulative total of BPA beneficiaries to 750 students at PLE, UCE and UACE levels. For instance, in 2014 Heritage Oil – one of the then oil companies, buried truckloads of oil waste on the land of one Douglas Oluch in Purungo Sub county, Nwoya district after paying him Shs750,000. Even when oil and gas is finished the people who are trained will always be trained. Our story. CNOOC has about a month in their joint operating agreement to decide whether they are going to participate in the acquisition of Tullow businesses and once CNOOC agrees they’ll have to go into the preemption clause and agreements that will see CNOOC and Total share the Tullow fortunes equally which requires government consent as well. They have to sit down and prepare the shareholders agreement. The transaction remains subject to a number of conditions, including approval by the Tullow Oil plc shareholders, Government of Uganda and execution of a binding tax agreement with Government of Uganda and the Uganda Revenue Authority (URA) that reflects the agreed principles previously announced. A glimpse of hope for the women in mining in Namayingo district. In November 2020 Total finalized the acquisition of Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline in 2020. What is it all about and how does it help a normal Ugandan business owner to be able to participate? Last year, a report by civil society organizations titled, “A state of oil and gas waste management facilities and environmental compliance,” revealed that by 2014, Uganda’s stockpile of oil waste stood at 39,625 tons and 8,227 cubic of solid and liquid waste respectively. Company: Uganda National Oil. … This time the bureaucrats have a challenge to act with haste. partners who want to know every detail about the political risk. Now twenty insurance companies have aggregated together and can insure any risk in oil and gas. place. The three Joint Venture Partners own 33.3 percent in each of Uganda’s oil fields (located in the blocks shared above). In the same year, Pearl Engineering Company, contracted by Total E&P Uganda BV, reportedly dumped oil waste on some one’s land in Padit East, Purongo Sub County, Nwoya district without consent the consent of either the landowner or NEMA. Oil waste if not properly handled has the potential to pollute the fragile ecosystem and damage tourism. And we should make sure that out of the billions of dollars that are going to be spent in Uganda a good 50% of it stays in the country. At this time each shareholder must put money where their mouth is. In a statement, Ali Sekatawa the Director Legal and Corporate Affairs at the Petroleum Authority of Uganda, described media reports that government was delaying FID as wrong. This has caused conclusion of important oil deals with the sector stakes being in dire straits hence limited short to medium term benefits (like taxes), save for longer term benefits. Tanzania would not mind hosting it. “And of course there is no definite answer as to whether training will take six months, one year or five years or whatever. These agreements also require the consent of the financing That money will stay in our country. Government has overtime encouraged Ugandan businesses to build financial and technical capacity by partnering with more established international entities that understand the oil and gas sector. The pipeline will run from Kabaale – Hoima in Uganda to Tanga in Tanzania. Location: N/A. Hoima and Kikuube districts are currently experiencing rapid development and CNOOC Uganda believes that the better the youth are prepared and the education sector transformed, the more the residents shall benefit from the oil industry, CNOOC said in a press statement released last evening. The Fund will have to be a design specific programme to ensure entry into oil and gas. The equipment that is going to come to build the refinery, the central processing facility, and the developments; the trucks are supposed to be 2500 per day…, Just like yesterday’s COVID-19 tests they tested 2500 samples. This industry is complicated as I said at the beginning. What do you think can be done for the businesses on a financial level? Let’s focus a bit more on the pipeline. Government, donors and oil companies will chip in to grow the fund through percentage Ugandans have been very scared about this sector. Tullow Uganda Operations Pty Ltd is a subsidiary of British oil firm – Tullow Oil plc. To say that the ongoing negotiation has “killed the industry” is to miss the point. Now the commercial banks are going to be very good players that’s why your bank (Stanbic) is smart, that’s why they started the incubation center because now they have access to SMEs. The Association is for everyone that wants to participate in Oil and Gas despite of gender, age, origin, race, status in the society and political affiliation. A Final Investment Decision (FID) is a decision investor like oil companies makes on whether to invest or not to invest in Uganda’s oil production and is expected to trigger the country’s oil and gas industry into the next phase. “A petroleum waste handler shall not treat or dispose petroleum waste without a license granted by the National Environment Management Authority (NEMA),” the Regulations reads in part. CNOOC’s election not to exercise its re-emption rights, leaves Tullow with a few hurdles to overcome – approval by the company’s shareholders and enter into a tax agreement with Uganda Revenue Authority and approval by the Government of Uganda. The East African Crude Oil Pipeline Project (EACOP) is a 1,443 km crude oil export pipeline is a gateway for Uganda crude oil to the international market. The approval for the Tanzanian section was issued on November 29, 2019. At peak levels, Uganda will produce up to 230,000 barrels of crude per day of which a maximum of 60,000 would be allocated to the refinery if in place. ... 1A, 2 and 3A in Uganda to Total for a total consideration of $900 million. Contact us for a free consultation today. CNOOC Uganda pledged to continue awarding the best performers to reaffirm its willingness to be good neighbors with communities in the area of operation and to achieve a win-win situation with its stakeholders. We have the refinery, the pipeline and upstream project. Introduction The oil and gas industry in Eastern Africa is quite a new sector compared to the Gulf of Guinea where oil was produced from the end of the 1950s onwards. Dignitaries attend the public hearings in Kakumiro. The handler shall ensure that during transportation of the waste, there is no any leakage, littering of the waste or emission of noxious smell or harmful odour and shall follow only approved designated routes approved by NEMA. On the financial arrangement we are going to discuss with government, we are asking them and they are talking about strengthening Uganda Development Bank. These are determined by other wings of politics around the world. Courtesy photo. Two thirds of the pipeline will be in Tanzania. On a more specific level how do we see Ugandans getting into this sector and benefiting from it? They have the tariff agreement where they to decide how much per barrel Total and CNOOC are entitled to – how much the governments will pay to the companies that have invested in the pipeline per barrel. How do you break this down to a person who really wants to get in this sector or how do you advise the guys who were in, got their fingers burnt and are trying to think about getting back? Low oil prices and a lack of capital, coupled with the difficulties companies have experienced in Uganda over tax and production licences, appears to have deterred the oil majors from exploring fields in Uganda. Uganda is going to be the hub because we have been in the business longer. Now they have been joined by the Danish (IFU). Accordingly, there are no changes to the previously announced transaction or timeline and Tullow continues to expect the transaction to be complete in the second half of 2020,” the statement adds. He shared that of 22,000 youth that have benefited from the skills training, 7000 have already gotten placement in different institutions to gain experience in their different trades. Tullow signed with Total E&P Uganda B.V a Sale and Purchase Agreement, with an effective date of 1 January 2020, in which Tullow has agreed to transfer its entire interests in Blocks 1, 1A, 2 and 3A in Uganda and the proposed East African Crude Oil Export Pipeline (EACOP), Total Uganda for cash consideration of $575 million. But by the time we produce oil the oil price will be at the right time I think it was good we delayed. So for me this oil and gas is for me the best strategic diplomatic resource. It is more about getting the knowledge that you need in order to inform yourself of where you can fit in,” Agaba said. These negotiations have to be concluded then they have an agreement on the shareholders agreement – the Tanzania and Uganda governments, CNOOC, Total, UNOC representing government interests. “This is why the Best performers has still been upheld” he said. Please enable Cookies and reload the page. Oxygas Ltd, which is located in Nakawa, Kampala – Uganda, is the leading manufacturer of Medical, Industrial and LPG gases in Uganda. City lawyer Dr. Elly Karuhanga is a man who needs no introduction. All these rigs are unemployed so now we can get them at the cheapest of prices. For Tanzania is even more grandiose because two thirds of our pipeline is going to go through their country. Ltd., Total E&P Uganda, and China National Offshore Oil Corp. Uganda Ltd. are currently licensed in Albertine Graben. Of the oil companies already operating in Uganda, only Tullow appears to have come forward, while the remaining applicants are a mix of small and medium sized outfits. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. the quarrel between America and Iran. Photo by David Mafabi. Handing over the certificate of approval to Total, Dr. Tom Okurut, the executive director NEMA asked the project developers to strictly comply with the terms and conditions of the certificate. We have delayed but now that this is out of the way and we have good partners who have licensing for the next 30 years and or years to produce oil we need to hold each other and move as partners. Assessed taxes it settled in Ugandan courts, the regulations impose hefty fines for non-compliance instead government a! Is to use Privacy Pass you get together ended prematurely our 3-step business model by. 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