widely-used soybean oil refinery turkey in uganda

   
widely-used soybean oil refinery turkey in uganda
                                               
                                               
                                               
                                               
  • widely-used soybean oil refinery turkey in uganda
  • Who owns the oil in Uganda?
  • Uganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%. Through Uganda National Oil Company, the government owns the remaining 15%. Production is due to start in 2025.
  • Is Uganda a good oil producer?
  • Uganda joined the list of prospective oil-producing countries in 2006, with six billion barrels of proven oil reserves in the Albertine Graben, part of the western arm of the east African rift valley. Out of this discovery, 1.4 billion barrels are economically viable for extraction.
  • When will oil production start in Uganda?
  • Production is due to start in 2025. As part of the production sharing agreement, the production licences are valid for 25 years upon extracting the first oil. To secure the best possible outcome for Uganda, the government needs to focus on three issues: the production sharing agreement, completion of the development stage, and export timing.
  • How many smallholder farmers will be able to grow soybeans in Uganda?
  • In Uganda, the project has so far signed partnership agreements with eleven SMEs working in the soybean and sesame value chains with a potential to reach 90,000 smallholder farmers.