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Vol 3 (AAC) No 11

Published 1st September 2010


Uganda

Queueing up for Lake Albert's oil

Indian and Chinese companies have joined the race for Uganda's oil assets in the Lake Albert Basin, where at least 2 billion barrels of oil have been discovered. Opportunities have arisen since President Yoweri Museveni's government is using the transfer of oil assets as a tool to extract more attractive terms from international oil companies operating in Uganda.

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