Oil and Gas
With the discovery of commercially viable oil and gas deposits in the Albertine basin in Bunyoro Sub-region of Uganda; estimated 6.5 billion barrels of crude oil have been confirmed, with revenue production capacity of of $2 billion to $3 billion per year, preparations are underway and commercial production is slated to begin 2020.
This has among many other major investments attracted the construction of Hoima international airport, which is also underway in Buseruka Sub-county, Hoima District. An oil refinery is also to be build in the same area.
“It is our hope and desire that the infrastructural developments, which are being implemented in Bunyoro Sub-region, will improve on the welfare of our people. As a kingdom, we are mobilising our people to tap the social-economic opportunities of these infrastructural projects,” – Mr Andrew Byakutaga, the Bunyoro Kingdom prime minister.
Other Available Extractives
Details on other extractives coming soon..