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Liberia: Oil Blocks Attract International Interest Despite Ebola

AFRICANGLOBE - Liberia has entered discussions with major international oil companies to encourage bids for drilling in four blocks off the coast near the capital Monrovia. The talks are progressing - including road shows last month in Houston, London and Lagos - despite Ebola in the west African nation.

Ugandan Government to Build Oil Terminal

AFRICANGLOBE - As the Ugandan government prepares for the construction of an oil refinery in Hoima , plans to build a petroleum distribution terminal at Buloba, outside Kampala, have been mooted.

Oil In Liberia: How Could Liberians Settle For Only 5%?

“Bad leadership is Africa’s major problem" The looting of African oil has begun in Grand Style, this time not in Nigeria nor Ghana but right in Liberia, also located in the West African region. For a country which has remained one of Africa’s poorest for decades, many were those who heaved a deep sigh of relief when Liberia recently announced to have “discovered” oil in commercial quantities, joining her West African sisters: Ghana, Nigeria and some others.

Uganda Face Tough Choices Over Oil Revenue

AFRICANGLOBE - During a meeting on securing Uganda's oil revenue on Sept.13 in Kampala, disagreement erupted among top politicians and national economic planners on how best to spend the expected bounty. But business people and civil society leaders had a different view: Let's get the oil out of the ground first, before we fight over how best to spend the oil money.

Ugandan Govt Wins $435 Million Oil Case Against Heritage

AFRICANGLOBE - Uganda on Wednesday won the first round of the $435m oil tax a decision that reaffirms its ability to control and manage the nascent oil and gas industry. The Tax Appeals Tribunal after a three hour session upheld that the transaction was taxable and the amount ($434.9m) assessed by URA remains the same.