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 happen in 2015 provide a window for even more opportunity in the sector.
Such the promising nature of the circumstances is the reason why the Ministry of Energy and Mineral Development joined hands with Africa and Middle East Trade Ltd to organize the 2nd Mining and Energy Conference and Exhibition (UMEC 2015). The definitive mining and energy event will be held in Kampala from 20 – 21 May 2015 and will be preceded by a day of sector specific training workshops.
“The event seeks to inform delegates on the latest developments in the petroleum, mining and power sectors, showcase Uganda’s strong potential as an investment destination and promote dialogue between the principal public and private sector players,” a statement on the event brochure reads.
“Attendance at UMEC will grant participants access to the hottest industry debates, invaluable business intelligence and unparalleled networking opportunities.”
The 1st Uganda Mining and Energy Conference and Exhibition (UMEC 2013) attracted 220 participants from 22 countries and featured 32 high-level speakers, the Crème de la Crème of Uganda’s oil & gas, mining and energy sectors.
UMEC 2015 will build on the success of the inaugural edition held in 2013.
Apart from oil and gas, Uganda’s extensive mineral wealth includes iron ore, gold and copper formations. Commercialization of iron ore and the establishment of smelting facilities is a key government priority in the immediate term.