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Uganda seeks to become self-sufficient in fuel products as oil field development begins By Henry NeondoWHILE much of Africa’s oil production Is exported in its crude form,Uganda is primed to build its own oil refinery.This ambition is set to be realized after the China National Offshore Oil Corp.(CNOOC)struck a$2-billion licensing deal to develop a vast petroleum field in Uganda.Signed in late September,it was the first oil production license to be issued in Uganda.Peter Lokeris,Uganda’s Assistant Energy Minister,said in Kampala that the deal with CNOOC is a milestone that will allow the country to become self-sustaining in oil
Uganda seeks to become self-sufficient in fuel products as oil field development begins By Henry NeondoWHILE much of Africa’s oil production Is exported in its crude form, Uganda is primed to build its own oil refinery. This ambition is set to be realized after the China National Offshore Oil Corp. (CNOOC) struck a $ 2-billion licensing deal to develop a vast petroleum field in Uganda.Signed in late September, it was the first oil production license to be issued in Uganda. Peter Lokeris, Uganda’s Assistant Energy Minister, said in Kampala that the deal with CNOOC is a milestone that will allow the country to become self-sustaining in oil