STATEMENT ON UGANDA’S OIL AND GAS SECTOR: KEY
MILESTONES FOR 2022 AND OUTLOOK FOR 2023
BY HON. DR. RUTH NANKABIRWA SSENTAMU
MINISTER FOR ENERGY AND MINERAL DEVELOPMENT
- Colleagues, members of the media fraternity, ladies and gentlemen, I welcome
you to this joint media briefing, which will focus on the milestones achieved in
Uganda’s Oil and Gas sector during 2022 and the outlook for 2023.
- You will agree that the year 2022 is of great significance for Uganda’s oil
journey. As the world was recovering from the COVID-19 pandemic, Uganda
made significant strides toward achieving commercial production, commonly
referred to as First Oil.
- Critical among these was the announcement of the Final Investment Decision
(FID) for Uganda’s Oil and Gas projects on February 1, 2022, which unlocked the
inflow of US$15 billion into the country’s economy. This milestone is
unprecedented and undoubtedly the largest project in terms of value in the
country and the East African region. It has opened the way to activity and
investment in the country.
- My Ministry, together with the Petroleum Authority of Uganda (PAU) and the
Uganda National Oil Company (UNOC), are, therefore, glad to provide periodic
updates on the status of petroleum activities in the country through this media
For more details, please download the pdf below
MEMD Media Statement on Oil and Gas-2023