Uganda agrees oil exploration deals with two firms including Australia’s DGR Global
UGANDA'S cabinet has agreed for the energy ministry to sign production-sharing agreements (PSA) for two oil exploration blocks with two oil firms, including a unit of Australia's DGR Global, the government said. A cabinet meeting on Monday had approved the signing of an agreement with DGR Energy Turaco Uganda Limited, owned by Australia's DGR Global, for the Turaco exploration area, according to a statement issued by Godfrey Kabbyanga, a junior information minister. The 637-square-kilometre exploration area is located in Uganda's Albertine Rift basin near the border with Congo. A different unit of DGR Global already owns an exploration property in…