By Jacob Okwii.
In what can be seen as a major turn towards oil production, the government of Uganda has signed an agreement with a consortium that will fund and develop the country’s oil refinery. This is one of the two major upstream oil activities the country has been pursuing in its long drawn oil exploration history. The other is the construction of the pipeline to take crude to the coast for export.
By Jacob Okwii.
The price of Brent crude this week went up to US$68 a barrel. Analysts believe the price is likely to continue on the bullish side owing to robust global demand growth, low US production and OPEC-Russia production cuts to the global supply.
Last week, Reuters quoted Goldman Sachs as saying, “This rally (of crude) has been driven first by robust fundamentals, with strong demand growth and high OPEC compliance accelerating. We see increasing upside risks to our $62 per barrel Brent and $57.5 per barrel WTI forecast for the coming months.”
A summit intended to discuss how to unlock investment in the energy and infrastructure sectors, and to whet investor appetite on the sectors in East Africa, will take place in Kampala between 6 -8 February 2018.
The East Africa Energy and Infrastructure summit, organised by the UK based Energynet, will bring together representatives of government from Kenya, Uganda, Tanzania, Rwanda and Ethiopia. The summit will attract leaders of utility and regulatory companies, international financiers, donor organisations, power developers from within and without the region,
In what will be a first of its kind, a factory operating on solar power could be launched in Kampala before the end December (2017), The Infrastructure Magazine can exclusively reveal. If this happens, this will be a real game changer in energy use in Uganda, as this will be the very first time that a factory outfit will be running on solar energy.
By Jacob Okwii
As Uganda intensifies her quest to have nuclear energy on the national grid by 2031, the head of Nuclear Energy unit in the Ministry of Energy & Mineral Development, has disclosed that 15 percent of all consumables required in the construction of five planned nuclear power plants, will be from local content.
Sarah Nafuna Mudoko made this revelation in an interview with The Infrastructure Magazine, stressing that Uganda is on track with the plans to develop nuclear energy facilities by 2031.