Uganda: No More Extensions - Ministry of Energy Reaffirms Uganda Will Have First Oil in 2026

AI Summary
The Ministry of Energy and Mineral Development in Uganda has reaffirmed that the country will achieve its first oil production by 2026 without any further delays. Permanent Secretary Irene Batebe made this statement during a visit to key oil infrastructure projects in Bunyoro, led by Head of Public Service Lucy Nakyobe. The project has attracted $7.5 billion in foreign direct investment and is progressing well with the completion of three out of four well pads at Kingfisher Development Area operated by CNOOC. Batebe highlighted the importance of a robust legal framework, infrastructure development, and local capacity building to ensure successful oil production. The visit aimed to supervise progress on vital components necessary for production readiness, including the Central Processing Facility.
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