Ugandan Energy Minister Ruth Nankabirwa Ssentamu at ADIPEC. (Source: ADIPEC 2024)
Uganda must solve three-piece oil puzzle in 2025
Energy minister says country is delaying first oil production until pipeline and refinery are ready
Uganda will postpone first oil production from the Lake Albert project due to financing difficulties facing a planned refinery and a crude export pipeline to Tanzania, Minister of Energy and Mineral Development Ruth Nankabirwa Ssentamu said in an exclusive interview with Petroleum Economist. Uganda, which has been struggling for two decades to pump oil, made the discovery in the western Lake Albert Basin in 2006 and has sought the help of IOCs and investors to finance the production of crude from two projects, in which TotalEnergies and China’s state-controlled CNOOC have majority stakes. To export the crude from the land-locked country, Uganda wants to build a 1,443km pipeline—known as the
Also in this section
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
18 November 2024
The company is on track to boost import terminal capacity by 40% in three years, CEO Akshay Kumar Singh tells Petroleum Economist
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
