“Now is the time. Uganda is the right destination for investment.” As H.E. President Yoweri Kaguta Museveni has said, 2022 represents a significant milestone in…
READ MOREUganda's Energy Industry
Uganda's energy industry In figures
Oil reserves:1.4 billion barrels
Gas reserves:14.2 bcm
Uganda: All Eyes on Sustainability
Uganda’s oil and gas industry is attempting to quickly build up its infrastructure to take advantage of opportunities found in recent hydrocarbons discoveries before the world transitions away from fossil fuels towards more sustainable energy sources. Since oil was first discovered in 2006, the government has put comprehensive measures in place to ensure the efficient and value-added development of the nation’s petroleum resources, most of which are found alongside its western border with the Democratic Republic of Congo. More than 20% of Uganda’s impressive oil and gas reserves are thought to be recoverable.
Uganda’s petroleum industry is regulated by the Petroleum Authority of Uganda in tandem with the state-run Uganda National Oil Company, which heads its upstream operations. The Ministry of Energy and Mineral Development is the government entity responsible for developing and managing the nation’s energy resources. The country has successfully attracted international players such as TotalEnergies and China National Offshore Oil Corporation in developing the country’s upstream, midstream and downstream potential.
While being East Africa’s third-largest economy, more than 60% of Ugandan citizens lack adequate energy supply. Greenfield investments in the upstream industry have the potential to halt the country’s reliance on energy imports and add to its economic development through exports to the region. The country has significant renewable energy potential, including hydropower, biomass, solar, geothermal, wind and peat. Uganda National Renewable Energy Efficiency Alliance cites the country’s overall renewable energy potential as 5.3 GW.
“The energy industry is crucial, especially because of associated industries like infrastructure, processing and fabrication. Activity will not happen if there is no electricity. Electricity and other forms of energy are essential,” Ugandan President Yoweri Kaguta Museveni told the Energy Year. “Oil is finite and exhaustible, so we should use the oil money to create durable capacity. This capacity will be for modernising our railways, our energy and our transportation. That will attract the business that needs this infrastructure, especially manufacturing.”
Uganda News, Interviews and Articles
Uganda is targeting net-zero emissions from its booming energy industry by 2062.
READ MORETotalEnergies has hired former prime minister of Benin Lionel Zinsou to assess its land acquisition programme related to its…
READ MOREUganda has extended the exploration licence of two oil and gas blocks to Nigerian independent Oranto Petroleum for two years,…
READ MOREMike Douglas, CEO of SKA International Group, talks to The Energy Year about the company’s pioneering provision of fuel and…
READ MORESteve Thomas, managing director of Africa Geophysical Services (AGS), talks to The Energy Year about variables affecting demand…
READ MOREUganda is set to begin the drilling programme at the Kingfisher oilfield today, state-run Petroleum Authority of Uganda…
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A new era for the Lobito terminal
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Ugandan President H.E. Yoweri Kaguta Museveni has led Uganda during a period of growth and prosperity. He had already been in office for 12 years when the first 2D…
READ MORETom Joseph Mukasa, CEO of Pearl Engineering Company, talks to The Energy Year about the company’s developments in 2021 and objectives for 2022, as well as the key…
READ MOREThe Uganda National Oil Company (UNOC) and CNOOC Uganda on Thursday signed a joint application agreement (JAA) for the Pelican-Crane block, located in Uganda’s…
READ MOREThe government of Uganda has reached a minimum USD 10-billion FID with TotalEnergies and CNOOC for the Lake Albert oil projects and their associated oil export…
READ MOREGCC Services has signed a contract with Houston-based engineering company McDermott for integrated remote site services on the Tilenga project in Uganda, the…
READ MOREFrederick Hesse-Tetteh, co-chief executive officer at Harlequin Oil and Gas, talks to The Energy Year about the importance of competition in the natural gas sector and…
READ MOREChina’s CNOOC has reached a final investment decision on the Kingfisher Project, paving the way for development of one of Uganda’s key oil plays and its game-changing…
READ MOREAdo Oseragbaje, vice-president for sub-Saharan Africa at Baker Hughes, talks to The Energy Year about the pace and characteristics of the energy transition in…
READ MORESayed Farouk, chairman of The Arab Contractors, talks to The Energy Year about trends and prospects the company sees in the Egyptian and regional energy construction…
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