If the announcement of oil production licenses, to the most credible consortium likely to commercialize Uganda’s oil find, had arrived two or three- or even five years ago, the accompanying euphoria could have served as the desperate morale boost that the government currently needs. Instead this significant announcement made this week passed with little fanfare.
The refinery project at Uganda’s Ministry of Energy- has put out a request for proposals for a lead investor for its refinery project. Just weeks ago, project estimated at 2.2 billion dollars received a boost from what is now fairly usual quarters; China. In a sense the award of a production license, the first to