World oil markets react to ramped up hostilities in Middle East as Israel pounds Iran’s nuclear sites
US President Donald Trump urged Iran to make a deal over its nuclear programme, to put an end to the “next already planned attacks.” The National Iranian Oil Refining and Distribution Company said oil refining and storage facilities had not been damaged and continued to operate.
Uganda seeks to expand crude oil discoveries with more explorations in north and northeast
Uganda has five basins where hydrocarbon potential is suspected, with only one, the Albertine, successfully explored so far, the energy ministry says. The two oil fields in the Albertine basin – Tilenga and Kingfisher – are majority-owned by TotalEnergies with a 56.7 per cent stake, while China’s CNOOC and the Uganda national oil company UNOC own the remaining share.
