Uganda oil sector

Uganda may incur extra costs for In oil refinery construction

Uganda may incur extra costs for In oil refinery construction

The Uganda oil sector is likely to spend quite more money than the anticipated $4 billion for the construction of the Hoima-based oil refinery following the failure of the East African Community to buy the whole part of the share it was allocated. Although Total SA has taken up a total share of  10 per cent […]

Experts’ advice Uganda not to ignore other sectors of the economy in favour of oil

The government of Uganda has been advised by the International Monetary Fund’s (IMF) to desist from ignoring other sectors of the economy in favor of the oil sector to enable proper growth and development of the economy. Uganda recently discovered oil in the western Uganda Abertaine region worth billions of barrels. Commercial exploitation is expected […]