Post #269

We’ll Just Have a Look Soon Uganda could open a museum of oil — the reserves are there, the companies are there, the pipelines are in place, the refinery is coming — however, no oil is being produced. 🌐 Uganda’s state-owned Uganda National Oil Company (UNOC)reports the discovery of nine promising wells at the Kasuruban field, with reserves of 600 million barrels of crude. 🔸 This block is located in the Albertine Rift Basin, the heart of Uganda’s oil story, where French TotalEnergies and Chinese CNOOC already control two major fields. ⏩ The nuance is that Uganda has no oil production yet — 20 years after the first oil was found. Its first extraction will begin only in mid-2026. 🔸 The main reason was the lack of any way to transport the crude to the coast. The country is land locked, and the long-planned pipeline through Kenya was cancelled, so Uganda is now building a pipeline through Tanzania. Perhaps today the country is enjoying its last months before its soil is covered in endless oil leaks. Devils Below