Uganda struck oil in the Albertine Graben in 2006 and reached the Financial Investment Decision (FID) in February 2022. Since then, much work has been ongoing on the needed production and enabling infrastructure in the Albertine Graben oil fields and on the 1443km USD5 billion East African Crude Oil Pipeline (EACOP). A lot of background work on the 60,000 barrels per day refinery is also on course. Since FID, USD7.14 billion has been approved for investment, and USD1.914 billion (36%) of this has been committed to Ugandan companies. This is much closer to the 40% national content target for…
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