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We’re on course for 2020 oil prodcution, Minister Muloni

Reporter by Reporter
September 7, 2017
in Business, National News, News
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Paint a clear picture of oil production and its associated revenue – Centre for Energy Governance ED to the President

An oil rig prepares to drill in western Uganda, near the shores of Lake Albert, June 15, 2007. UK-based Tullow Oil has found a natural gas field in one of its exploration blocks in western Uganda, but its size is unknown, a Ugandan government energy official said on July 13, 2007. Picture taken June 15, 2007. REUTERS

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By Ritah Kemigisa

Energy minister Irene Muloni has maintained that the target for the first oil to be produced by 2020 still stands.

Addressing journalists ahead of the energy week which kicks off on 11th to 16h September, Muloni says the ministry is still in the first track mode adding that progress is being made on most projects as outlined in the road map.

Her remarks come amid growing concerns that the country might not meet the set target given the fact that global oil prices fell, a drop that forced oil companies such as Tullow Oil and Total to cut back on their expenditures.

Muloni however assures Ugandans that by 2020 the country will be able to have its first oil, adding that come next month the President of Uganda and his Tanzanian counterpart will be in Hoima for the Tanga pipeline ground breaking.

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