Irene Muloni, Uganda’s Minister for Energy and Mineral Development, highlighted the country’s readiness for business, stressing ‘the environment for international investment is set’ and welcoming ‘more companies to join’
Speaking exclusively with Dan Grogan, the event director of the 5th Uganda International Oil and Gas Summit (UIOGS) 2019, which will open next week, Muloni emphasised that the government is keen to update investors and stakeholders on the progress that is being made in the movement of products, pipelines, refinery developments and production preparations – she said there is “work that is going on in all of those areas.”
Muloni also addressed some of the rumours, confirming that, in fact, “none of the oil companies have withdrawn and are all working towards fulfilling the terms of their licences.” She added, “I can assure international companies and investors that the matter has been resolved and that we are still preparing for production and attracting new investors.”
Total will join its joint venture partners; Tullow Oil and CNOOC as gold sponsors of the UIOGS 2019 programme, together providing participants with important updates on their operations in Uganda.
