• About Us
  • Contact
Thursday, July 17, 2025
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Sectors Energy

Uganda expects to start oil production in 2025

by Editor
28/06/2023
in Energy
0
Uganda expects to start oil production in 2025
Share on FacebookShare on Twitter

Uganda National Oil Co (UNOC) expects to start oil production from the Tilenga project in the first half of 2025, the company’s CEO said on Wednesday.

“The drill kits have been put up and the drilling has started,” Uganda National Oil Co CEO Proscovia Nabbanja told Reuters on the sidelines of an Energy Asia conference.

“We are on track for first oil in H1 2025.”

The Tilenga project, in the Buliisa and Nwoya districts in Uganda’s Lake Albert oilfields, is operated by French energy major TotalEnergies (TTEF.PA) in partnership with China’s CNOOC Ltd (0883.HK) and UNOC.

Oil from the Tilenga project will be transported via the $3.5 billion East African Crude Oil Pipeline (EACOP) to the port of Tanga in Tanzania for export.

Uganda National Oil Co (UNOC) expects to start oil production from the Tilenga project in the first half of 2025, the company’s CEO said on Wednesday.

The EACOP has the capacity to send up to 246,000 barrels of crude per day out to world markets by as early as 2025.

TotalEnergies is the largest shareholder in EACOP with a 62% stake. Other investors include the state-run UNOC and Tanzania Petroleum Development Corporation, which have 15% each, while China’s CNOOC holds 8%.

This week, five activist groups have sued TotalEnergies for a second time over the Tilenga and EACOP projects, accusing the energy company of failing to protect people and the environment.

Source: Reuters

Editor

Editor

Next Post
Bank agents up by 51.5 pct to 80,295 in March, 2023

Bank agents up by 51.5 pct to 80,295 in March, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Thu, 17 Jul.

Recommended

Cryptoverse: Bitcoin wants to break its bond with stocks

Cryptoverse: Bitcoin wants to break its bond with stocks

3 years ago
Kenya Airways to sink further into the red on forex losses

Kenya Airways to sink further into the red on forex losses

2 years ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Oil and Gas
    • Others
    • Q&A Interviews
    • Real estate
    • Sectors
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili