Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Uganda agrees oil exploration deals with two firms including Australia’s DGR Global

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…
Read More