Opportunities in Energy: Uganda Current Projects, Market Analysis, and Trends.

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With drilling now underway at the Lake Albert development project and the development of Total Energies-operated Tilenga project and Chinese state-owned China National Offshore Oil Corp (CNOOC)- operated Kingfisher project, Uganda is fast becoming a hot spot for energy.

The Tilenga and Kingfisher developments, whose combined output is expected to reach 216,000 barrel per day and expected to help Uganda  to produces its first oil  in 2025.

East African crude oil pipeline(EACOP) will transport oils from oil fields located in Kabaale, Hoima, in Uganda, to Chongeleani Peninsular near Tanga port in Tanzania.

According to the SDG 7 Energy Progress Report, 2021, only 45% of Uganda’s population had access to electricity and 1%had access to clean cooking.

The country also presents ample opportunities in the power sector, especially in hydropower solar generation plants and liquefied petroleum gas(LPG).

With over 6.5 billion barrels of proven oil reserves. It is now believed that Uganda could be sitting on one of the biggest onshore oil reserves in sub-Saharan Africa,

Hussein Boffu runs a consultancy provides business planning, financial forecasts, market research reports, expert analysis and consulting for entrepreneurs and business owners. Reach out to him via email at hussein.boffu@tanzaniapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.