Uganda calls on Malaysian businesses to explore its oil and gas sector

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KUALA LUMPUR (Oct 12): The Pearl of Africa, Uganda, has called on Malaysian businesses to participate in oil and gas (O&G) exploration activities in the country, which is rich with crude oil and looking to setting up new O&G infrastructures by 2020.

Uganda’s High Commissioner to Malaysia, Dorothy Samali Hyuha, said the country is currently constructing a 1,445 km pipeline, also known as the East African Crude Oil Pipeline, connecting the town of Hoima in Uganda to Tanzania's Port of Tanga on the Indian Ocean to facilitate easier export of its oil.

She said Malaysia and Uganda were already cooperating in many areas and besides O&G, there was potential in many other areas as well, such as construction, information communication technology (ICT), telecommunications and value added agriculture products.

"Our bilateral relations are growing from strength to strength. We have cooperation in many areas and oil and gas is another area to explore," she told Bernama during the recent celebration of the country's 56th Independence Day Anniversary.

Uganda gained independence from Britain on Oct 9, 1962.

According to reports, Uganda discovered oil deposits with 2.5 billion barrels in the Albertine Rift Basin in 2006 and since then the country has discovered more oil deposits with the updated estimates of oil reserves now standing at about 6.5 billion barrels.

The Albertine Graben area is still under oil exploration and is said to have great potential for more discoveries.

Uganda also has 500 billion Standard cubic feet (BCF) of natural gas reserves in its Albertine Graben region.