Total takeover? French oil major firms up plans for region’s energy
TotalEnergies Uganda General Manager Philippe Groueix exchanges a document with Uganda's Energy Minister Ruth Nankabirwa (centre) in Kampala when the two signed an agreement for an oil project. PHOTO | UGANDA PRESIDENCY PRESS OFFICE
Uganda this week moved a step closer to joining the league of oil producers after global oil majors TotalEnergies and China’s CNOOC signed the final investment decision with the government in Kampala.
The long-awaited move, delayed by a myriad of hurdles, including tax disputes, security, operational and funding challenges and opposition from climate activists, has paved the way for investments towards first oil in 2025.
