The scale of the Uganda’s infrastructure projects required to transport the fuel out of the country may delay the planned early exports of output from Ugandan crude deposits.
Total SA, the French oil company drilling wells in Uganda, agreed to take a 10% stake in the country’s planned refinery as it seeks other investors for the $4b plant.
Sub-Saharan Africa is expected to start operations of 43 crude and natural gas projects in total by 2025. Tullow Oil plc, Total S.A, Chevron Corporation, and Eni SpA are interested in the regional investments.