Industry news
October 5, 2023 by ucem
The government has introduced incentives including zero-equipment, machinery, and tax holidays to lessen costs and attract investors into the largely unexplored multibillion-dollar sector. The Minister for Energy and Mineral Development Hon. Ruth Nankabirwa Sentamu said this while updating the press about the developments in the mineral sector on February 21. Even though Uganda has vast […]
Read more »
By Julius Businge Uganda Chamber of Mines and Petroleum is running the third edition of 90 Days of Oil and Gas Media Campaign with the main objective of giving an update on the sector’s projects, emerging opportunities, challenges, and possible solutions. This year’s edition is running under the theme, “Facts Behind Uganda’s Oil and Gas […]
The new financial year (2023/2024) officially kicked off on Saturday, July 01 with high expectations amongst the movers of the economy that it would grow faster, and create jobs and related opportunities. Read details via the link below; https://www.monitor.co.ug/uganda/oped/commentary/how-shs500b-can-change-extractives–4310840
Uganda Chamber of Mines and Petroleum (UCMP) Board appointed Mr. Humphrey Asiimwe as the new Chief Executive Officer effective March 1, 2023. He spoke to The Independent about his plan.Read details via the link below:
A new report , ‘On the Road … Reassured in Uganda’ released by independent researchers at Barclays Bank on March 20, 2023, provides answers to critical questions regarding Uganda’s oil and gas projects. For details read below:
On Feb 2, the Minister for Energy and Mineral Development Hon. Ruth Nankabirwa issued an Exploration License to Uganda National Oil Company (UNOC) for the Kasurubani Block. On the other hand, UNOC’s partner DCRGlobal will be issued a license for Turaco Block. The two companies signed Production Sharing Agreements (PSA) which were agreeable to the […]
Created by: UCMP on February, 2023 Technological Underpin for EACOP Explained The East African Crude Oil Pipeline (EACOP) continues to suffer criticism from opponents who are making allegations about environmental and social issues affecting the Project Affected Persons (PAPs). On January 15th, Mr. Martin Tiffen, EACOP’s Managing Director explained to the public what the project is during a […]
On January 24th, 2023, Uganda made a double score- its partners in oil and gas commissioned the first-ever oil drilling operation in the Kikuube district, on the other hand, East African Crude Oil Pipeline (EACOP) was issued with a license to start work. These milestones signify that the country’s oil and gas journey is on […]
On January 24th, 2023, President Museveni Commissioned oil drilling at the China National Offshore Oil Corporation operation area -King Fisher Project Development Area , in Kikuube district, Western Uganda.Petroleum Authority Executive Director, Mr. Earnest Rubondo presented background on Uganda’s journey to oil discovery and what the country has benefitted by far.Read the full speech here.
Uganda National Extractive Industry Transparency Initiative (EITI) has approved the UGEITI Work Plan at the 21st MSG meeting held on 8th September 2022. The secretariat has shared the workplan members consideration.
Hima Cement is gradually phasing out the use of fossil fuels in favour of biomass in a bid to reduce its carbon footprint. In the current, the company is using more than 50% of its fuel from biomass. The company introduced a globally acclaimed Co-Processing Technology which uses wastes to generate fuel that heats the […]
To our members, Congratulations on having a productive year! The Uganda Chamber of Mines and Petroleum (UCMP) takes this opportunity to congratulate our members for having such a productive year! We are proud to see you grow with Uganda’s oil and gas developments and the mining sector. The sectors have unlocked the economic, social, and […]
