Oil production is expected to reach heights of between 200,000 and 250,000 bpd based on current discoveries. This places Uganda in the position to be a mid-level African producer, comparable with present day levels in Equatorial Guinea and Gabon.
Is Uganda on the verge of becoming an oil producer?
In 2006, large quantities of oil and gas were discovered in the Albertine Western Region of Uganda. Now more than a decade later, Uganda is on the verge of becoming a significant oil producer and exporter in Africa. The people of Uganda are awaiting the moment that oil starts flowing with great anticipation.
What is Uganda’s agricultural sector strategic plan?
The Ugandan government’s latest Agricultural Sector Strategic Plan highlights oil seeds as part of the four strategic commodities expected to lead the transformation of the smallholder sector from subsistence to commercial farming.
How will a US$30 million loan help Uganda?
A US$30 million loan agreement to Uganda will help improve food security and incomes for more than 120,000 smallholder households in the northern and north-eastern regions engaged in the production and marketing of oil seeds (groundnuts, sunflower, sesame and soy).