Business
Uganda To Start Refining Oil In 2014
Uganda expects to start refining crude oil from its fields in 2014 and the proceeds will help end the economy’s dependence on donor aid, its president said.
The east African nation discovered commercial oil deposits in 2006 in the Albertine basin along its border with the Democratic Republic of Congo and reserves of about 2.5 billion barrels have been confirmed.
“The first oil to be refined will be in the year 2014,” President Yoweri Museveni told a ruling party retreat in the eastern town of Jinja, in a speech seen by newsmen.
Officials had to commission a feasibility study for the refinery to convince firms involved in the sector that the project was viable.
“We should resist ferociously those parasites who want to give away this resource for ‘a morsel’ of food as did Esau in the Bible,” Museveni said.
Firms involved in the nascent oil sector include London-listed Tullow Oil, Heritage Oil, French oil company—Total, and Chinese oil group— CNOOC.
Last week, Uganda’s parliament passed a resolution urging government to withhold consent to Tullow Oil’s proposed partnership with Total and CNOOC.
That deal, in which Tullow is selling stakes in its Ugandan exploration properties to the two companies for 2.9 billion dollars, is expected to unlock a $10 billion investment that will see the country’s oil sector advance into production phase.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.