Uganda to Launch Two Licensing Rounds in 2023

Licensing Rounds. Uganda.

“I am going to announce two licenses next year in May. We have only explored 40% of the region so the opportunities are still there. The world will continue using petroleum products. Even electric cars have tyers that are not metallic: we still need petroleum products. It is maximum energy with minimal emissions,” Hon. Ssentamu stated.

Representing a largely untapped market and one of the final frontiers for hydrocarbon exploration, the licensing round is set to open up the already highly attractive East African market.

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Onur Yilmaz

Onur Yilmaz

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