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Uganda’s plan to woo energy investors ahead of the Africa Oil Week

The event brings together governments, national oil companies, investors, corporate players, independents and financiers – giving them a place to network, discuss and share knowledge. Africa Oil Week attracts the highest quality speakers.

Uganda’s government is now looking to promote the country`s highly progressive and lucrative hydrocarbon sector to attract more revenue from the Sector.

The government, is planning to showcase its country’s potential in the hydrocarbon sector as it participates at the Africa Oil Week, slated for the 5th to the 9th of November, 2018 in Cape Town, South Africa.

The event brings together governments, national oil companies, investors, corporate players, independents and financiers – giving them a place to network, discuss and share knowledge. Africa Oil Week attracts the highest quality speakers. Sessions are headed by top figures in the sector, including ministers, heads of NOCs, leading scientists and CEOs from major and independent companies.

Last year’s event led to numerous business transactions and there are even more opportunities for 2018 with a dedicated content theatre for NOCs, Independents and Geoscience companies to showcase their farm out blocks.

According to Uganda’s Minister of Energy and Mineral Development Hon Irene Muloni, Uganda will lead a delegation of private and public-sector players from Uganda’s oil and gas sector to Cape Town, South Africa.

“Uganda is open for business and we will be looking forward to promoting the country`s highly progressive and lucrative hydrocarbon sector during the Africa Oil Week. Over the course of the week, we will announce a roadmap for Uganda’s next licensing round and offer insights into our country’s potential and operating environment.” Hon Muloni said,

Uganda is committed to developing its petroleum sector across the entire value chain, and clear strides to move the country’s key assets from the exploration phase into the development phase have been made. Uganda offers opportunities for companies looking to explore, develop and utilise its petroleum assets.

“During the Africa Oil Week, we will host private meetings with the global private sector with a view to successfully attract capital in every stage of our oil and gas value chain.” Said the Permanent Secretary of the Ministry of Energy and Mineral Development Robert Kasande.

According to the Executive Director of the Petroleum Authority of Uganda Ernest Rubondo, as the regulator of Uganda’s oil and gas sector, Africa Oil Week offers the Authority an exciting platform to provide insight into the regulatory environment in the country and how this has been structured to position the country as a sound investment destination.

“We encourage operators, investors and service companies to attend the Oil Week and meet with officials from the Government of Uganda and the private sector. Uganda welcomes you to partner in what we believe is one of the most commercially viable and prospective oil and gas environments in the world.” He added.

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