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Tullow Oil to invest in Uganda oil refinery

Oil drilling at Kingfisher in Hoima Uganda

oil drilling in western Uganda

Tullow Oil is planning to invest in Uganda oil refinery and production as part of their development programme expected to start off in 2011 from the Kasamene field.

Tullow Oil has put aside 8 billion dollars for the 5 year project, which will be divided to build facilities that will enable better production of oil and building several oil wells.

The General Manager of Tullow Oil, Brian Glover says that their company is working closely with the government of Uganda on plans to accelerate exploration in the Albertine region and begin a multi-well program with a second rig in Block 1 in June.

Dr Glover says that about 1.5 billion dollars will be used to construct a pipe line from Asia to the Indian Ocean and another 1.5 billion dollars will be utilized for the construction of reservoirs and the rest for expansion.

Ultimate Media

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