An oil well in Uganda.
 

An oil well in Uganda.

BY PAUL TENTENA

KAMPALA, Uganda- The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well.

These sentiments were echoed by speakers and delegates attending the Uganda International Oil & Gas Summit that kicked off today in Kampala.

Addressing government officials and delegates, Patrice Laporte, Vice President of Siemens North American Oil & Gas Division, presented a keynote titled ‘Digitalization in the Oil and Gas Sector’.

“As more and more technology per barrel is required, oil and gas projects are becoming increasingly complex and the need for an integrated solution is important,

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