Uganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%. Through Uganda National Oil Company, the government owns the remaining 15%. Production is due to start in 2025.
How big is the edible oil market in Uganda?
Get in touch with us. We are happy to help. The Edible Oils market in Uganda is projected to grow by 11.17% (2023-2028) resulting in a market volume of US$0.73bn in 2028.
What is the Uganda Refinery Project?
The Uganda Refinery Project is a greenfield oil refinery with a capacity of 60,000 BPD in Uganda, and the associated downstream infrastructure. It will be owned by the selected firm/consortium and the GOU in a 60:40 partnership. Introduction to the Uganda Refinery Project, September 2013.
When will oil production start in Uganda?
Production is due to start in 2025. As part of the production sharing agreement, the production licences are valid for 25 years upon extracting the first oil. To secure the best possible outcome for Uganda, the government needs to focus on three issues: the production sharing agreement, completion of the development stage, and export timing.