Ministry of Energy, Mineral and Development will next week host first Uganda International oil and gas conference (UIOGC) in Kampala that will deliberate on oil and gas licensing, and also offer an opportunity to meet with key decision makers from the major operators and the newly formed National Oil Company.
According to a press statement released by ministry of energy, the conference which part of the Energy Week and will serve as a platform for the Government of Uganda meeting the oil International Companies and service providers.
It will give a chance for the presentation of the “multitude of energy projects presently ongoing or planned for Uganda.” President Museveni is expected to grace the conference which will start on Thursday next week.
“Reflecting the importance of the oil & gas industry and its potential for Uganda and investors, His Excellency Yoweri Museveni is expected to officiate at the Uganda International Oil & Gas Conference being held at the Kampala Serena on 16-17 September 2015,” the statement read.
The conference will give a special insight on the Uganda Oil Refinery to be located in Hoima with particular emphasis on the Ministry’s role in ensuring that the oil and gas sector runs in a sustainable manner, its obligation in ensuring that the “first oil” is beneficial to the people of Uganda on a long term basis, Uganda’s performance in taking forward the process of oil production (Exploration, Regulation and Environment and the tenfold investment expected from major stakeholders in the industry especially by the private companies after the refinery investment of USD 4 Billion.
The conference will also give main petroleum exploration companies in Uganda; Total CNOOC and Tullow to share their experiences of working environment.