Uganda’s Oil Project Faces Delays, Cost Overruns, and Decarbonization Pressures

Uganda’s Oil Project Faces Delays, Cost Overruns, and Decarbonization Pressures

Three-and-a-half years after the final investment decision (FID) for Uganda’s new oil industry, the project is more than halfway complete, with over $6 billion invested by the end of 2024. The initiative, involving TotalEnergies, China National Offshore Oil Company (CNOOC), Uganda National Oil Company, and Tanzania Petroleum Development Corporation, aims to develop over 1 billion barrels of oil… Source

Uganda's oil industry is delayed, over budget, and results are likely to fall short

Uganda's oil industry is delayed, over budget, and results are likely to fall short storres.ieefa Wed, 01/28/2026 - 06:45 Fact Sheet Energy Policy Oil Industry Transition Africa shutterstock_2525849147.jpg UgandaFactSheet.pdf Hide date on card Off 0

2026: Politics, AFCON, and the next phase of Uganda’s oil story

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2026: Politics, AFCON, And The Next Phase Of Uganda’s Oil Story » Business Focus

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