Ugandan President to Attend African Energy Week

Yoweri Museveni, President of Uganda, will participate in African Energy Week (AEW) 2021 in Cape Town, taking place from November 9-12, 2021. He will deliver the presidential opening address at this highly anticipated pan-African event. President Museveni will address African industry leaders, global energy executives, and the continent’s oil and gas stakeholders and is prepared to vigorously advocate for Africa-led investments in Cape Town.

Uganda’s oil and gas industry is considered relatively new. It extracts over 6.5 billion barrels of crude oil reserves and 0.5 trillion cubic feet of natural gas annually. Uganda hosts the presence of International Oil Companies (IOCs) such as Tullow Oil, Heritage Oil Plc, TotalEnergies, and the China National Offshore Oil Corporation. The country has made significant progress in developing its oil and gas industry. IOCs have actively pursued upstream campaigns aimed at opening several key basins in the country.

Under the leadership of the UNOC, Uganda is gradually positioning itself as a regional competitor in the hydrocarbons sector. The UNOC, representing the government’s commercial interests in the petroleum sector, has overseen some of the country’s largest development projects, including the 190,000 barrel per day (bpd) Tilenga project; the Kabaale Industrial Park; and the monumental 1,443 km, 216,000 bpd East African Crude Oil Pipeline. President Museveni will not only put Uganda on the map as an attractive investment destination but will also emphasize the country’s role in Africa’s overall energy and economic future.