Uganda, Oil Companies Sign Agreement to Start Commercial Production

From Global Times

The Ugandan government has signed an agreement with foreign oil companies to activate the commercial production of crude oil in the East African country, an official said Thursday.

The agreement, signed with French companies Total, the China National Offshore Oil Corporation (CNOOC) and British company Tullow, was a landmark document, Uganda’s Minister of Energy and Mineral Development Irene Muloni said.

“This has been a major milestone because everyone has been eager and keen to know when the first oil is going to come out of the ground. All Ugandans are very keen to partake of that resource,” Muloni said.

The pact includes the use of crude oil for power generation, supply of crude oil to a refinery and export of crude oil through a pipeline.

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