M a r k e t N e w s

Uganda s crude oil reserves estimates nearly double in new adjustment

Posted on : Saturday , 30th August 2014

 Uganda’s petroleum exploration and production department has put its estimated crude oil reserves at 6.5 billion barrels from the previous 3.5 billion barrels.

 
The department is quoted by Wall Street Journal saying that the new figures follow the appraisal of oil blocks held by Tullow oil, Cnooc limted and Total S.A.
 
“The increase in resources is an achievement given that with improved technology, the recoverable resources have potential to increase. It is also important to note that the current discovered resources can last 20-30 years.” WSJ quotes Ernest Rubondo.
 
The new figures would make Uganda the fifth largest oil reserver in the continent behind Libya 46.4 bbl, Nigeria 37.2bbl, Algeria 12.2 bbl and Angola 9.5bbl would make the lightly explored East African region highly attractive

Source : Oil news kenya
Featured Companies
  • GULF WELL SOLUTIONS
  • SKYTRADE GLOBAL ENTERPRISES LTD
  • /
  • MAVI DENIZ CEVRE HIZ A.S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Al Hosni Group International, has the experience and expertise in Construction, Manufacturing, Marketing, Hospitality, Chemicals, Gas services and environmental projects.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Mini plants of toilet paper rolls production
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Manufacturer of heavy duty machinery
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.
  • Specialty and Custom Chemicals Exhibition
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  • Save your power bill by instaling servo voltage stabilizer.
  • We have been at the forefront of plate heat exchanger technology.
  • ABL Machine Tools, One of the group companies of ABL India is India
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Manufacturer of auxiliary equipments
  • The trusted source for all your heavy equipment needs!
  • Automatic brick manufacturing machines
  • K & S Financial Group is the link between the end buyer and a reputable Russian refinery.
  • Hevt Duty Machinery
  • Narrowtex is a fully integrated company with processes such as warping, weaving, knitting, dyeing, finishing, make-up and packaging
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Leading manufactures and expoters of the electronic products
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • Used Machinery

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade