Economy of Uganda is expected to grow strongly in medium term with or without first oil production
At first, the government projected that the first commercial oil from the Albertine Graben would be produced in 2020. However, Eng Irene Muloni, Energy Minister, stated that "the 2020 timeline would be taken ahead to 2020 as the joint venture partners Total.
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Muloni further said that, "the final investment decision could be made in the first quarter of 2019 and the first oil in 2022."
South Sudan to receive largest investment from South Africa
South Sudan is making its first big foreign investment as South Africa invests $1 billion in South sudan oil sector.
After the peace deal was signed two months ago, the increasing production will help the country to recover as South Sudan has Africa's third largest oil reserves at 3.5 billion barrels. Signing of this agreement would benefit both the countries.
Read more: South Sudan to receive largest investment from South Africa
The scope, scale and spread of current and future oil and gas infrastructure development projects in East Africa
East Africa has been an importer of refined product, largely from the Middle East. The bulk of this product has entered the region via Mombasa in Kenya and also through Dar es Salaam in Tanzania. From these ports it has made its way, via pipeline and fuel trucks, across Kenya and Tanzania into Uganda, the Democratic Republic of Congo, Rwanda, Burundi, Ethiopia and even South Sudan.
With Tanzania currently returning annual GDP growth rates of anywhere between 5 and 10 per cent, Uganda maintaining
OIL & GAS AFRICA 2017
After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017 Exhibition which will be held from 11th – 13th April in Nairobi at the KICC and 16th – 18th August in
Dar-es-Salaam at MCC.The Exhibitions are an annual platform for national and international experts in the Oil & Gas industry to exchange views and share knowledge, expertise and experiences.
