fbpx
No Result
View All Result
Nomad Africa Magazine | Celebrating the world's richest continent
  • Home
  • Tourism Updates
  • For Subscribers
  • Destinations
  • Culture
  • More4U
    • Travel Tips
    • News Africa
    • Aviation
    • Special Features
    • Food+Wine
    • Showcase
    • Spotlight
    • Events
    • Tourism Data & Stats
    • Opinion
    • Survey/Polls
    • Watch
    • COVID19 Updates
  • Deals
    • Flights
    • Hotels
    • Tours
  • Shop
  • Login
SUBSCRIBE
Nomad Africa Magazine | Celebrating the world's richest continent
  • Home
  • Tourism Updates
  • For Subscribers
  • Destinations
  • Culture
  • More4U
    • Travel Tips
    • News Africa
    • Aviation
    • Special Features
    • Food+Wine
    • Showcase
    • Spotlight
    • Events
    • Tourism Data & Stats
    • Opinion
    • Survey/Polls
    • Watch
    • COVID19 Updates
  • Deals
    • Flights
    • Hotels
    • Tours
  • Shop
  • Login
SUBSCRIBE
No Result
View All Result
Nomad Africa Magazine | Celebrating the world's richest continent
No Result
View All Result

Uganda is the Biggest Oil Story in Africa and is Set to Make a Strong Play for Investment at African Energy Week in Cape Town

Uganda’s sizeable reserves, enabling regulation, and proactive national oil company is positioning the country as a regional hydrocarbon leader, and African Energy Week in Cape Town will promote it

Press Room by Press Room
August 5, 2021
in News
Reading Time: 4 mins read
0 0
0
Uganda is the Biggest Oil Story in Africa and is Set to Make a Strong Play for Investment at African Energy Week in Cape Town
Share on FacebookShare on Twitter
ADVERTISEMENT

Uganda has emerged as a formidable oil and gas competitor and African Energy Week (AEW) 2021 in Cape Town will showcase it. With sizeable reserves, enabling regulation, and a proactive national oil company that prioritizes local participation, inclusivity, and capacity building, the country is positioning itself as a force to be reckoned with, and AEW 2021 in Cape Town (9th-12th of November 2021) will drive this narrative.

In a recent working visit to Uganda, the African Energy Chamber (AEC) emphasized the role that AEW 2021 will play in showcasing the country’s energy progress, placing Uganda as a top priority at Africa’s premier energy event in order to drive associated dealmaking.

Despite representing a relatively new hydrocarbon sector, Uganda – with its 6.5 billion barrels of proven crude oil reserves and 0.5 trillion cubic feet of natural gas – has made significant progress in establishing a competitive oil and gas industry. Under the leadership of H.E. President Yoweri Museveni and the recently inaugurated Hon Ruth Nankabirwa, working together with Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda and Proscovia Nabbanja, the CEO of the Ugandan National Oil Company,  Uganda has accelerated hydrocarbon exploration, large-scale project developments, and regional synergies, driving widespread socio-economic growth in the process.

Uganda boasts participation by some of the world’s leading International Oil Companies (IOC). Since 2004, Tullow Oil has played a pivotal role in developing Uganda’s oil and gas sector, with significant discoveries made in the Lake Albert Rift Basin in 2006 and 2009. Similarly, Heritage Oil Plc. has been a major contributor of Uganda’s industry success through discoveries such as the 600-million-barrel drilling campaign in the Albert Basin and the Kingfisher Well in 2008. Both companies have been instrumental in opening up several basins in the country, accelerating associated developments and establishing a competitive sector. In 2020, Tullow sold its assets to Total, which, in collaboration with China’s CNOOC, has been driving growth across the entire value chain.

 

Although the participation of IOCs have been valuable in expanding Uganda’s sector, it is the active participation of the UNOC that has positioned the country as a regional competitor. Notably, the UNOC, whose overall function is to manage the government’s commercial interests in the petroleum sector and ensure resources are exploited in a sustainable manner, has played a significant role in driving progress. Even throughout the COVID-19 pandemic, whereby price and operational impacts hindered progress, the UNOC has not only managed to sustain operations, but excel.

ADVERTISEMENT

Under the guidance of Proscovia Nabbanja, the UNOC has overseen a range of projects across the entire energy value chain. In the upstream sector, notable projects include the 40,000 barrel per day (bpd) Kingfisher Project; the 190,000 bpd Tilenga Project; as well as the exploration of new ventures in the country’s second licensing round. In the midstream sector, projects include the Kabaale Industrial Park – comprising the country’s second international airport, a crude oil export hub, and the Uganda refinery -; the 60,000 bpd Uganda Refinery Project; and the monumental 1,443km, 216,000 bpd East Africa Crude Oil Pipeline (EACOP) – connecting Kabaale-Hoima in Uganda with the Chongoleani peninsula near Tanga port in Tanzania. Finally, downstream projects include downstream petroleum trading; the Jinja Storage Terminal; and the Kampala Storage Terminal – which will serve as regional pipeline hub. By showcasing these projects to global stakeholders in Cape Town, AEW 2021 is committed to boosting investment in Uganda’s burgeoning sector.

“AEW 2021 has placed Uganda as a top priority in Cape Town. The country’s significant resources, political will, and active local business sector will position the country as a regional leader, warranting an increase in foreign investment and associated developments. Projects such as the EACOP – made possible by the commendable leadership of H.E. President Yoweri Museveni and H.E. President Samia Suluhu Hassan – represent fundamental opportunities for both local and regional companies, and opens up the region for petroleum investment through the establishment of a viable export route. AEW 2021 will showcase Uganda, its enabling environment, and its incredible leadership, driving dealmaking and partnerships in the process,” stated NJ Ayuk, Executive Chairman of the AEC.

Meanwhile, in addition to playing an active role in the sector, the UNOC and the Ministry have placed a focus on domestic capacity building through the emphasis of women inclusivity, local company participation, and the transfer of skills from IOCs to local companies. Projects such as the EACOP present the unique opportunity for local companies to actively participate in the country’s oil and gas sector, not just as commission agents, but as active participants. By seizing the opportunities brought about by the EACOP, and targeting partnerships and joint ventures with regional actors, local companies will be enablers of a successful oil and gas industry in Uganda.

“Now is the time for a re-focusing on dealmaking and joint ventures between local and international companies. Gone are the days where international service companies can take advantage of local companies. Through the prioritization of local capacity building, skills transfer, and increased inclusivity, Uganda can position itself as a regional industry hub. AEW 2021 in Cape Town will not only showcase Ugandan opportunities, but will emphasize local content and the role that local companies and women have to play. By enhancing capacity building and the promotion of domestic inclusivity, Africans can become leaders in regional projects such as the EACOP,” continued Ayuk.

Uganda’s pragmatic, steadfast and progressive leadership, in conjunction with its commendable regulatory environment, has elevated the country to hydrocarbon success. By promoting the role of women, local companies, and enabling regulation at AEW 2021, as well as showcasing the abundant opportunities present in the sector, Uganda will drive investment and regional collaboration, further positioning the country as one of Africa’s top energy destinations.

ADVERTISEMENT
Previous Post

Queen mothers to take the lead in championing exclusive breastfeeding and maternal and child nutrition

Next Post

Consistency Remains Key For Hospitality Industry Recovery Efforts

Press Room

Press Room

Nomad Africa celebrates life on the African continent. Covering stories from all countries and all cultures, it strives to include unique tourist attractions, business development, technology and investment opportunities as well as looking at the continent's cultural heritage.

Related Posts

News

An Easter shopping experience that is made for you at Hyde Park Corner

April 11, 2022
Key economic trends and topics will be discussed during the African Tourism Investment Summit
News

Key economic trends and topics will be discussed during the African Tourism Investment Summit

March 18, 2022
Netflix & UNESCO announce the winners of the ‘African folktales, reimagined’ short film competition
News

Netflix & UNESCO announce the winners of the ‘African folktales, reimagined’ short film competition

March 17, 2022
Next Post
Consistency Remains Key For Hospitality Industry Recovery Efforts

Consistency Remains Key For Hospitality Industry Recovery Efforts

Please login to join discussion
Amaryllis Hotels Amaryllis Hotels Amaryllis Hotels
ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT
ADVERTISEMENT

Recent Posts

  • TIME Hotels Announces Middle East Expansion Plans
  • 20 Unemployed Tourism Students as Tourism Ambassadors at Africa’s Travel Indaba 2022
  • Tanzania: The Royal Tour
  • Farnek to Launch ‘Trendz’ Hotel Management Company at ATM
  • Art From Ghana Goes To Venice
Gallivant Plus Gallivant Plus Gallivant Plus
ADVERTISEMENT

Sign Up For Weekly Newsletter

Trending on NomadTV

https://www.youtube.com/watch?v=e2bhBUqVHDw&t=3s
GallivantPlus GallivantPlus GallivantPlus
ADVERTISEMENT

Follow Nomad Africa on Instagram

Follow Nomad Africa

  • #Food #Eat .What
  • #Showcase! Valued for its natural elegance, the history of stone sculpture takes us as far back as to the oldest mobiliary of art. Check out how the Stone sculpture beckons the connoisseur as Zimbabwe’s tourism returns:  https://www.nomadafricamag.com/stone-sculpture-beckon-the-connoi

#Zimbabwe #Stone #Sculpture #African #Nation #Travelers #SubscribeToNomadAfricaMagazineNow
  • #TopDestinations #Discover #Travel. With stunning views across the African continent, The desire to travel and explore is still in human nature. Rediscover The Joy of travel with Shangri La’s 2022 travel bucket list: https://www.nomadafricamag.com/rediscover-the-joy-of-

How has travelling changed in the new world of Covid 19?
.
.
.
.

#NomadAfricaMagazine #How #When #Where #Africa #2022TravelList #Memories
  • #Culture #Significance. Located in The Mother City, you
  • #Culture. African rituals are diverse. This Bull-Jumping ancient ritual in Southwestern Ethiopia will shook you. It turns a boy into a man to prove he is ready to build a family of his own. Read more about it here: https://www.nomadafricamag.com/bull-jumping/

#SouthwesternEthiopia #Ethiopia #Travel #NomadAfricaMagazine #Beliefs
  • #FridayFeatures! As African elephants are threatened with extinction, a lot of work is being done by local and international wildlife conservationists to protect the giant mammal. Are they winning the battle? Read more to find out: https://www.nomadafricamag.com/african-forest-elephants
.
.
.
.
.

#Elephants #Extinction #GiantMammal #Travel #NomadAfricaMagazine #Tourism #Features #Africa #Celebrate #Continent #Magazine #Extinction #Protect #Stability #Unrest
  • Entrepreneurship includes the economic development of tourist areas to create new sustainable businesses while increasing the capacity and willingness of enterprises to develop. Read more about Tourism Entrepreneurs at the Heart of Stellenbosch’s Recovery Plan: https://www.nomadafricamag.com/tourism-entrepreneurs-at

#Tourism #Stellenbosch #Travel #NomadAfricaMagazine #Journey #Acknowledging #Visitors #Initiatives
  • #Norms #Culture!Being no stranger to cultural norms and preserving the roots of ancestors, is undeniable to the eSwatini nation, a culturally unshakable people. Read more: https://www.nomadafricamag.com/eswatini-a-country-thats

What are other African Cultures that still practice their roots today?
.
.
.
.
.
#Mantengalodge #Located #EzulwiniValley #ValleyofHeaven #Lodge #Nomadafricamagazine
  • #Features! It’s no secret that Island water sparkles in Africa, attracting leisure tourists from all over the world. Read more on the race of the Island Nations of Africa leading to travel and tourism recovery: https://www.nomadafricamag.com/the-island-nations-of
.
.
.
.
.
#Africa #Water #Travel #NomadAfricaMagazine #Tourism #Island #Nations #Reports #Pandemic #Seychelles #SuccessfulTourism #counterpart #Strengthen #Mauritius #Zimbabwe #Safaris #Landscapes #blueWaters #Countries #Ocean #Indian #Sector #Hotel #Enterprises #Tour #Clear #Storm #Multinational #CapeVerde
  • Did you know that most of the food that African cultures cook is produced from a farm? In the long run we might want to ask ourselves if small farms are the key to the future of food? : Read more to find out:https://www.nomadafricamag.com/are-small-farms-the-key-to
 
#Food #Farms #African #Cook #SmallFarms #BigFarms #Future #Quantity #nature
  • #Significance #Culture ,The truth behind African cultural sites is that, they do not shake our roots but they leave a mark and connect us from the past to the present, reminding us of where we come from and where we are going. Read more on the Top Eight Cultural Sites in Africa: https://www.nomadafricamag.com/top-eight-cultural-

What are other ways Africans can remind themselves on the origins of their roots?
.
.
.
.
.
.
 
#roots #Culture #Magazine #Travel #NomadAfricaMagazine #Beliefs #Tourism #features #Africa #Celebrate #Continent #Magazine
  • It is frequently asked that, can tourism in Africa be increased if crime is reduced? Do you agree with this view point? Well, read more to find out: https://www.nomadafricamag.com/south-africa-can
.
.
.
.
.
. 
#CrimeinAfrica #tourismIndustry #Growth #Potential #Tourists #Features #Potential #Tourism #Venturing #Crime #Categories #Travel #holidaymakers #Enthusiasts #Attempts #Digits #SouthAfrica #Threats
  • Known as the mother to Accra, Ghana is rated as one of the fastest growing economies in Africa. Have you ever ask yourself if Accra is the greatest City In Africa? Well read more and find out: https://www.nomadafricamag.com/why-you-have-to
.
.
.
.
.
#Ghana #Travel #Destination #Tourism #Africa #Celebrate #Continent #Celebrations #Accra #Growing
  • African dance refers mainly to the numerous dance styles of Sub-Saharan Africa. One African dance that is celebrated by young women and unmarried girls is the Reed dance performed to celebrate a special occasion in eSwatini, Check it out: https://www.nomadafricamag.com/the-umhlanga/

What are other African dances, that are celebrated on special occasion on the different African cultures?

#Beliefs #Umhlanga #ReedDance #Preserved #YounGirls #CeremonialPlace #Maidens #Mswati #Celebrated #Significance #Norms #Ancient #Ritual #Preparation #Virgin #Kingdom #Dignitaries #Continents #Rehearsed #Spectacular #Moment #wholeYear #Outfits #SomhloloStadium #SophisticatedOutfits #Dance #Girls #Princesses #Symbol #Virginity
  • Lets Swing back into golfing getaways and check out 4 tips that will make your golfing holiday more affordable:https://www.nomadafricamag.com/swinging-back-into.../

What are other getaways holiday activities one can do?

#Holiday #Golf #Tips #Affordable #Activities
  • Discover Malawi: The Warm Heart Of Africa:https://www.nomadafricamag.com/malawi-the-warm-heart-of.../ 

What do love about the African Continent?

#malawi #africa #theheartofafrica #wilderness #lodge
  • Looking for a picture perfect romantic trip to Paris, that will make you say oh là là this month of love? well check out the 4 things that one should consider when he/she is on a romantic couples trip with their lover to Paris: https://www.nomadafricamag.com/4-things-that-will-make...

Think outside from the usual romantic actives that lovers usually do when they are out on a romantic trip, and consider other different activities that lovers can consider engaging on! Can you share them with us?
.
.
.
.
.
.
#RomanticWalk #CouplesTrip #Restrictions #Montmartre #RiverCruise #loversPicnic #CanalSaintMartin #RiverSeine #AirFrance #Studio28 #EnjoyParis #PicturePerfect #RomanticTrip #LoveIsInTheAir #Rooftops #BeautifulRivers #ViewsOfParis #BeautifulViews #StunningRestaurants #filmsAndClassics #Food #Drink #Lovers #LoveIsBeautiful #SoulMates #Flowers #AdventureInLove #Planning #Paris
  • We still bracing you with content that exudes love !It’s no secret that Paris is the romantic capital of the world, check out how you can celebrate love at these Hidden Romantic Hotspots In Paris: https://www.nomadafricamag.com/celebrate-love-at-these-hidden-romantic-hotspots

Any Romantic Hotspots that lovers can visit this month of love?
 
#love #Hills #Romantic #sunset #Paris #flowers

Tags

Africa African Cultural Sites African Tourism African Tribes Africa Travel Aviation Bucket list Business Tourism Business Travel Cape Town Covid-19 Covid19 Culture Energy eswatini Ethiopia Exclusive Exclusive Interview Existence Ghana Johannesburg Kenya Mauritius Morocco News Nigeria Rwanda South Africa swaziland Tanzania Top Destination Top Ten Tourism Tourism Africa Tourism Awards Tourism News Tourism Recovery Travel Travel News Travel Tech Travel Tips Travel Trends Uganda Zambia Zimbabwe
Thathomo Property Investments Thathomo Property Investments Thathomo Property Investments
ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT
  • The Project
  • About Us
  • Advertise
  • Partner with us
  • Invest In Nomad
  • Donate
  • Get In Touch
Call us: +27.[0]10.590.6264, +27.719.130.776, +27.610.817.489 Email: info@nomadafricamag.com.
Send all press releases to editor@nomadafricamag.com.

© 2015 - 2022 All Rights Reserved 2414 Publishing (Pty) Ltd. Designed & Developed by: CreativeMagic Group.

No Result
View All Result
  • Home
  • Tourism News
  • Features
  • Top Destinations
  • Beliefs & Existence
  • Spotlight
  • Showcase
  • Watch
  • COVID19 Updates
  • Subscribe
  • Login

© 2015 - 2022 All Rights Reserved 2414 Publishing (Pty) Ltd. Designed & Developed by: CreativeMagic Group.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Wait! Have You Signed Up For
Our Weekly Newsletter?

Sign up for Nomad Africa’s weekly newsletter and never miss out on
travel and tourism updates across the continent of Africa. Get industry insights,
travel tips and understand how the latest trends will affect your business.
Learn more about African culture and support tourism in Africa.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
en English
af Afrikaansar Arabicbg Bulgarianny Chichewazh-CN Chinese (Simplified)hr Croatiancs Czechda Danishnl Dutchen Englishtl Filipinofi Finnishfr Frenchde Germanel Greekha Hausahaw Hawaiianiw Hebrewhi Hindiig Igboid Indonesianga Irishit Italianja Japaneseko Koreanla Latinlt Lithuanianms Malaypl Polishpt Portuguesepa Punjabiru Russianst Sesothosn Shonasl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishth Thaitr Turkishuk Ukrainianur Urduvi Vietnamesexh Xhosayo Yorubazu Zulu

Add New Playlist