\n The announcement comes as the country moves toward commercial production, expected by July 2026.\n <\/p>\n
\n Ernest Rubondo, PAU\u2019s executive director, said the increase stems from improved data collection and updated evaluations of existing discoveries in the Albertine graben.\n <\/p>\n
\n \u201cThe new resources strengthen Uganda\u2019s position in the global energy market and reassure stakeholders about the viability of our projects,\u201d Rubondo noted.\n <\/p>\n
\n The country is constructing a 1,443-kilometre heated crude oil export pipeline to Tanzania\u2019s port of Tanga.\n <\/p>\n
<\/p>\n
\n Alongside the pipeline, Uganda is developing an oil refinery designed to produce 60,000 barrels per day at peak.\n <\/p>\n
\n The refinery has first priority for domestic resources, ensuring local value before exports. Rubondo confirmed that design finalisation, pre-commissioning studies, financing, and the establishment of the refinery company are complete, paving the way for full operations.\n <\/p>\n
\n The recent increase in reserves also alleviates earlier concerns that domestic resources might be insufficient to supply both the refinery and the pipeline.\n <\/p>\n
\n Rubondo added, \u201cThis development secures both projects and creates certainty for investors and local stakeholders alike.\u201d\n <\/p>\n
\n With reserves climbing and infrastructure projects advancing, Uganda is positioning itself as a key player in Africa\u2019s energy landscape, attracting both international investment and domestic economic growth.\n <\/p>\n","protected":false},"excerpt":{"rendered":"The announcement comes as the country moves toward commercial production, expected by July 2026. Ernest Rubondo, PAU\u2019s executive…\n","protected":false},"author":2,"featured_media":160380,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-160379","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/160379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=160379"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/160379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/160380"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=160379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=160379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=160379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}