Uganda National Oil Company has held talks with Kenya National Oil Company and Kenya Pipeline Company on how the two countries can benefit from oil and gas discoveries.
Another point of discussion was on ways of collaboration and partnership in line with East African Community integration.
According to the International Monetary Fund, Uganda has the fourth largest has proven reserves in sub saharan African with 6.5 billion barrels of proven crude oil, 2.2 billion of which is recoverable.
Kenya Petroleum and Mining Cabinet Secretary, John Munyes, confirmed Kenya was willing to aid the construction of Uganda oil jetties in Jinja and Entebbe which in return will enhance the viability of Sh1.7 billion Kisumu’s new oil terminal.
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