Uganda to launch new oil exploration licensing round in 2026/27

Описание: Uganda will open a new oil exploration licensing round in the 2026/27 financial year, its energy minister said Tuesday, as the country seeks to expand its hydrocarbon reserves ahead of the start of commercial crude production.

The East African nation, which is on track to begin pumping oil later this year, hopes fresh exploration will unlock additional deposits and extend the lifespan of its petroleum sector.

Energy and Mineral Development Minister Ruth Nankabirwa told a petroleum conference that the upcoming round would be Uganda’s third, with new blocks to be offered to investors from July when the next financial year begins.

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