Thursday, Jul 29th

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Central Africa

Vitol Confirms Shell Africa Buyout Bid

Windhoek. Vitol Group, the world's largest independent energy trading company, has confirmed that it is involved in exclusive discussions to buy all of Shell's retail and distribution units in 19 African countries, including Namibia. 

Uganda Energy Min says Heritage Oil must pay capital gains tax

Uganda. London-listed Heritage Oil PLC must pay capital gains taxes on its proposed sale of Ugandan assets, Uganda's energy and minerals minister said late Friday.

Uganda: Government to train more oil experts

Uganda. The Government has shifted its focus in the oil and gas sector from exploration to training of experts, making of policies and laws to regulate the emerging industry.

Tullow Oil continues strong performance

London. Tullow Oil says it has continued to perform strongly in 2010 and believes the outlook for the year is positive. In its IMS for the year so far, Tullow says significant progress has been made on the Ugandan pre-emption and farmdown.

Eni seeking to re-enter Uganda's oil sector

Lake Albert basin, UgandaUganda. Italy-based Eni Spa has applied to the Ugandan government to be allowed to re-enter the country's oil sector in order to offer more investment opportunities in the upcoming oil sector, officials said Wednesday.

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