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Uganda Moves Closer To Oil Production

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AFRICANGLOBE - With China National Offshore Oil Corporation (CNOOC), the only holder of an oil production license for the Kingfisher Discovery Area, expectations are that 2014 will likely be the year for the Ugandan government to issue more production licenses to other firms.

Global Oil Companies Turn to Africa For “Black Gold”

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With the ever increasing new discoveries of hydrocarbons, for example, in Ghana, Tanzania, Mozambique and Uganda; and exploration prospects in Sierra Leone, Mali and East Africa, the oil and gas sector is expected to be a key driver of growth in Africa.
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