In 2014, the estimates of discovered oil in Uganda rose from 3.5 Million to 6.5 Million Barrels. The recent revelation that Uganda was exploring areas like Karamoja and the Hoima Basin to find more oil, the hopes to embark on commercial output in 2017 and the new round of licensing in the sector scheduled to
Uganda’s quest for more oil reaches Karamoja
[googlemap src=”http://” width=”500″ height=”360″ align=”alignleft” ]By Zakaria Tiberindwa and Edward Tumwiine Uganda’s discovered oil reserves are estimated at 6.5 billion shillings and it is believed that if the oil is well utilized, the money from the resource could lift the country from a developing nation to middle-income status. However the country’s quest for more oil