oil making plant oil extraction plant in uganda

   
                                               
                                               
                                               
                                               
  • oil making plant oil extraction plant in uganda

FAQ

  • QIs Uganda a good oil producer?
    AUganda joined the list of prospective oil-producing countries in 2006, with six billion barrels of proven oil reserves in the Albertine Graben, part of the western arm of the east African rift valley. Out of this discovery, 1.4 billion barrels are economically viable for extraction.
  • QWho owns the oil in Uganda?
    AUganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%. Through Uganda National Oil Company, the government owns the remaining 15%. Production is due to start in 2025.
  • QAre you manufacturer or trading company?
    AWe are manufacturer.
  • QWhere is Uganda's crude oil being pumped?
    AAt another Ugandan oil field - still close to Lake Albert but 100km north-east of Kingfisher - dozens of earthmovers criss-cross a construction site for TotalEnergies' processing facility. This is where the crude oil will be cleaned of impurities and separated from gas before being pumped to a refinery about 100km away.
  • QHow much oil does Uganda produce a year?
    AThe annual revenues from oil production are expected to be US$1.5 billion to US$2 billion. The oil revenues have the potential to stimulate Uganda’s economic growth and real household incomes. But, like many resource-rich sub-Saharan countries, Uganda has limited capacity to solely finance and operate immense complex oil projects.
  • QWhen will oil production start in Uganda?
    AProduction is due to start in 2025. As part of the production sharing agreement, the production licences are valid for 25 years upon extracting the first oil. To secure the best possible outcome for Uganda, the government needs to focus on three issues: the production sharing agreement, completion of the development stage, and export timing.
  • QIs Uganda a viable oil project?
    ABut Proscovia Nabbanja, the chief executive of the Uganda National Oil Company, says the project is viable and promises that for "every dollar we invest, we return 10". "I don't think that is bad economics."