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UGANDA

Total secures highly preferential deal on Tullow assets

Panic at the summit of the state in Kampala has resulted in a deal that is highly favourable to the oil companies. Here's what happened behind the scenes. [...] (472 words)

Published on 26/06/2020 at 05:00 GMT Reading time 2 minutes

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Energy

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UGANDA
Ahlem Friga Noy
Cnooc
Doris Akol
Fred Kabagambe Kaliisa
Genevieve Munduru
John Musinguzi
oweri Museven
Patrick Pouyanné
Total
Tullow Oil
Uganda Revenue Authority

TotalEnergies exasperated with slow pace of Museveni's approvals needed for Tilenga

Unlike its neighbour Tanzania, Uganda is incapable of making decisions in a hurry. Everything has to go through Museveni.

The President of the Republic of Uganda, Yoweri Museveni.

UGANDA Energy 21/05/2021

Total given carte blanche by Museveni

Total is set to recoup over three billion dollars on the development of the Tilenga project, the Ugandan president having conceded to all of the demands of the French oil major to ensure that production begins before the end of his term in 2026.

UGANDA Energy 14/10/2020

Museveni left alone with Total and CNOOC following closure of second licensing round

Following the closure of its call for bids for six new oil exploration blocks, the Ugandan government is despondent. No major group has come forward apart from Total and CNOOC, which are already active in Uganda.

UGANDA Energy 24/07/2020

Museveni seeks to avoid repeat of Tullow Oil/Total capital gains setback

After a series of run-ins in the courts and with oil companies threatening to quit the country, the Ugandan government has opted to make concessions on capital gains taxes.

Yoweri Museven in his speech to the nation on 4 June © DR

Spotlight

UGANDA Mining 14/07/2020

Museveni ready to make financial concessions to promote iron and steel production

To ensure that investors actually carry out their plans to build steel plants and develop iron ore production in Uganda, head of state Yoweri Museveni has decided to offer financial and fiscal incentives to developers of new projects.

AFRICA UNITED STATES Energy 13/07/2020

Francis Fannon, at the vanguard of Trump's African oil diplomacy

US Secretary of State Mike Pompeo's Mr Energy makes further inroads into Africa.

US Assistant Secretary of State for Energy Resources Francis Fannon.

UGANDA Energy 10/07/2020

Why CNOOC passed up pre-emption option on Tullow Oil

The Chinese major CNOOC has serious doubts as to the viability of Ugandan crude exports, which explains its recent lack of investment and its decision to leave the way clear for Total.

Spotlight

UGANDA Energy 28/04/2020

How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

In between cancelled meetings, Total and Tullow Oil were able to prompt swift action from President Yoweri Museveni over the Lake Albert asset sale. Now all that remains to be seen is what CNOOC will decide to do.

Spotlight

UGANDA Energy 07/01/2020

Total/Tullow Oil: why Yoweri Museveni turned his oil commando unit on its head

Wanting to push ahead with the development of the Lake Albert fields that Tullow Oil and Heritage Oil discovered since 2006 and are presently under Tullow/Total and Cnooc's watch, President Yoweri Museveni made pivotal changes to Uganda's top oil staff [.

UGANDA Energy 17/12/2019

Set up email notifications for these topics

UGANDA
Ahlem Friga Noy
Cnooc
Doris Akol
Fred Kabagambe Kaliisa
Genevieve Munduru
John Musinguzi
oweri Museven
Patrick Pouyanné
Total
Tullow Oil
Uganda Revenue Authority

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Total secures highly preferential deal on Tullow assets

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

TotalEnergies exasperated with slow pace of Museveni's approvals needed for Tilenga

Total given carte blanche by Museveni

Museveni left alone with Total and CNOOC following closure of second licensing round

Museveni seeks to avoid repeat of Tullow Oil/Total capital gains setback

Museveni ready to make financial concessions to promote iron and steel production

Francis Fannon, at the vanguard of Trump's African oil diplomacy

Why CNOOC passed up pre-emption option on Tullow Oil

How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

Total/Tullow Oil: why Yoweri Museveni turned his oil commando unit on its head

How a cornered Museveni gave in to Total and Tullow Oil

Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission

Does Yoweri Museveni really want to hold back Tullow Oil and Total?

Lowdown on Museveni's Entebbe catch up with Total boss Pouyanne

Why Total will be loaning Tullow Oil $80 million

Total boss seeks action from secret meeting with Museveni

Lake Albert: Museveni issues Tullow, Total and Cnooc with ultimatum

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Total secures highly preferential deal on Tullow assets

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

TotalEnergies exasperated with slow pace of Museveni's approvals needed for Tilenga

Total given carte blanche by Museveni

Museveni left alone with Total and CNOOC following closure of second licensing round

Museveni seeks to avoid repeat of Tullow Oil/Total capital gains setback

Museveni ready to make financial concessions to promote iron and steel production

Francis Fannon, at the vanguard of Trump's African oil diplomacy

Why CNOOC passed up pre-emption option on Tullow Oil

How Pouyanné used Covid crisis to Total's advantage in Tullow acquisition

Total/Tullow Oil: why Yoweri Museveni turned his oil commando unit on its head

How a cornered Museveni gave in to Total and Tullow Oil

Total/Cnooc/Tullow Deal: Kaliisa steers exploration rescue mission

Does Yoweri Museveni really want to hold back Tullow Oil and Total?

Lowdown on Museveni's Entebbe catch up with Total boss Pouyanne

Why Total will be loaning Tullow Oil $80 million

Total boss seeks action from secret meeting with Museveni

Lake Albert: Museveni issues Tullow, Total and Cnooc with ultimatum

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First visit

Contacts

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A website produced by

Indigo Publications also publishes: