Irene Muloni, minister of energy and mineral development in Uganda, will spearhead a delegation of significant players from Uganda’s oil and gas sector during Africa Oil Week to be held between November 5 and 9 in Cape Town.

Muloni said, “Uganda is open for business and we will be looking forward to promoting the country’s highly progressive and lucrative hydrocarbon sector during the Africa Oil Week. Over the course of the week, we will announce a roadmap for Uganda’s next licensing round and offer insights into our country’s potential and operating environment.”

The East Africa nation is encouraging opportunities for companies willing to explore and develop the region’s petroleum sector. “During the Africa Oil Week, we will host private meetings with the global private sector with a view to successfully attract capital in every stage of our oil and gas value chain,” said Robert Kasande, secretary of the Ministry of Energy and Mineral Development.

Ernest Rubondo, executive director of the Petroleum Authority of Uganda, added: “As the regulator of Uganda’s oil and gas sector, Africa Oil Week offers the authority an exciting platform to provide insight into the regulatory environment in the country and how this has been structured to position the country as a sound investment destination.”

“We encourage operators, investors and service companies to attend the Oil Week and meet with officials from the Government of Uganda and the private sector. Uganda welcomes you to partner in what we believe is one of the most commercially viable and prospective oil and gas environments in the world.”

Dr Josephine Wapakabulo, CEO for Uganda National Oil Company, further emphasised: “UNOC is responsible for the State’s commercial interests in Uganda’s oil and gas sector and we see the country’s participation at Africa Oil Week as a clear opportunity to engage with the most prestigious global operators.”

“UNOC will arrive at Africa Oil Week looking for strategic partners who have the appetite, financing, technology and capabilities to deliver equitable and profitable projects in Uganda’s oil and gas sector.”