An oil rig in western Uganda. The issuing of production licences and rolling out plans for further exploration for oil and gas in Uganda is expected to increase investments in the sector. PHOTO | FILE
The issuing of production licences and rolling out plans for further exploration for oil and gas in Uganda is expected to increase investments in the sector.
Officials are looking beyond the current glut in global oil supply — in fact, they think it presents a good investment window, and therefore better negotiating capacity for both the government and oil companies.
