 |
Louisiana Light • 5 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 2 days | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 2 days | 89.57 | -1.20 | -1.32% | ||
|
Mars US • 165 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.813 | +0.029 | +1.03% |
|
Bonny Light • 2 days | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 2 days | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 2 days | 89.57 | -1.20 | -1.32% |
|
Peace Sour • 9 hours | 78.61 | -0.25 | -0.32% | ||
|
Light Sour Blend • 9 hours | 81.66 | -0.25 | -0.31% | ||
|
Syncrude Sweet Premium • 9 hours | 88.61 | -0.25 | -0.28% | ||
|
Central Alberta • 9 hours | 79.01 | -0.25 | -0.32% |
|
Eagle Ford • 2 days | 81.89 | -0.25 | -0.30% | ||
|
Oklahoma Sweet • 2 days | 81.75 | -0.25 | -0.30% | ||
|
Kansas Common • 5 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 89.36 | +0.64 | +0.72% |
Breaking News:
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
The EU Allows Members to Ban Russian LNG as Imports Climb
The European Parliament approved rules…
Uganda Suspends NGOs Opposing Oil Projects
The government of Uganda has suspended 54 non-governmental organizations (NGOs) for non-compliance with local regulations, including organizations fighting to protect people’s rights from planned oil projects in the African country.
Uganda says the suspended organizations have been meddling with local politics.
Uganda signed earlier this year an agreement with Tanzania and two oil majors to construct a $3.5-billion pipeline that will carry Ugandan oil to the Tanzanian coast, from where it will reach international markets.
The East-African Crude Oil Pipeline (EACOP) project will be a 1,443 kilometer-long (897 miles) pipeline expected to transport oil from Uganda to the Tanga port in Tanzania. TotalEnergies’ subsidiary Total East Africa Midstream is the developer of the project, says the French supermajor, which continues to pursue advantaged oil and gas resources in Africa despite ambitions to become a net-zero emissions business in Europe by 2050.
Following Uganda’s suspension of the 54 NGOs, one of them, Africa Institute for Energy Governance (AFIEGO) said in a statement that “AFIEGO takes note of the fact that seven of the organisations whose operations the NGO Bureau says that it has halted are AFIEGO’s partners. AFIEGO and its partners have been targeted because they play key human as well as environmental rights protection roles in the oil and gas sector.”
AFIEGO’s partners are operating legally and comply with relevant laws, the organization said, adding that it would “use all the available legal options to end the intimidation of CSOs [civil society organizations] and the hostile civic space in which CSOs operate.”
“This is political persecution. When you do work that they don’t like you become their enemy number No. 1.,” AFIEGO head Dickens Kamugisha told Reuters.
Uganda, which holds an estimated 6.5 billion barrels of crude oil, has been working hard to encourage more foreign investment recently as the country aims to develop its oil and gas industry significantly over the next decade. At present, 1.4 billion of these barrels are thought to be economically recoverable.
ADVERTISEMENT
By Tsvetana Paraskova for Oilprice.com
More Top Reads From Oilprice.com:
- Europe Faces LNG Supply Crunch
- Oil Set For Longest Losing Streak Since 2019
- ‘Skimming Stones’ Pattern Shows Wall Street Is Wrong About Oil
Tsvetana Paraskova
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
