Energy-Strapped Cuba to Train Uganda Oil Techs

Thursday, 03 December 2009 11:18 PM

Uganda is to soon send technicians to Cuba for training in the oil field.

The plan to cooperate in the oil industry follows Uganda’s major oil and gas discoveries in the Albertine region stretching for about 23,000 square kilometres, from the West-Nile to the south-western tip in the district of Kanungu.

Visiting the Energas S.A. Plant at Veladero Matanza Province in Cuba on Thursday, President Yoweri Museveni said Uganda will use the gas from the oil wells for generating electricity.

A total of 34 oil wells have been drilled in the Albertine region, 32 of which have oil. The resource base, according to the energy ministry and the oil companies, can sustain long-term oil production that could propel Uganda to the top 50 oil producers in the world.

Sources in the Energy mnistry recently said the exploration had attracted about $506 million in foreign direct investments. The figure is expected to go up to $900 million by January. Five exploration areas have been licensed to prospecting companies. The four oil prospecting companies include Tullow Oil, Heritage Oil and Gas, Dominion Petroleum and Neptune Resources.

To read full New Vision story � Go Here Now.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
Thursday, 03 December 2009 11:18 PM
Newsmax Media, Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved