Uganda Oil and gas sector in 2015, progress haunted by the uncertain Crude Oil market

MOUThe year 2016 comes with uncertainty yet 2015 no doubt has been a very successful year for Uganda’s Oil industry.

It has been a year in which major oil and gas activities have been fast tracked since the industry was inaugurated. However, the uncertainty of the market has stalled the kickoff of major projects and the making of Final Investment decisions by International Oil Companies.

We hope for the better in 2016.

Uganda Oil would like to thank the Ministry of Energy and Mineral Development and The Directorate of Petroleum for expediting major institutional investments to ensure a transparent oil and gas sector.

 

 

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