Post #215

🇦🇪Foreign Oil Specialists in Uganda 🌐Uganda is now going to bring in investors from the UAE to build its $4 billion oil refinery. 🔸 New agreements with Dubai based Alpha MBM Investments move the long delayed 60,000 barrel per day refinery in Hoima a bit closer to a final go ahead set for 2026. ⏩ Uganda uses the same Emirati connection that buys almost all of its exported gold, whereof a large part allegedly comes illegally from the DRC. 🔸 In contrast to gold, oil production in Uganda remains mostly rudimentary. French TotalEnergies and Chinese CNOOC are only planning to kick off country’s first significant production in 2026. In addition to the mass purchase of illegal gold, the UAE is eager to offer African countries investments in their primary profession - oil production. Devils Below