22 Hrs
Source:
البلاد
Uganda depends on Vitol for oil sales
The report discusses Uganda's summons of the global Vitol company to market its crude oil from its fields, with the export start date postponed to early 2027 instead of this anticipated year. Uganda has allocated 15% of the production to the national company, while the French company Total receives 56.67%, and the Chinese institution takes the remaining percentage. This comes amidst a shortage of essential infrastructure such as pipelines, and the collaboration with Vitol aims to maximize the value of the oil when exports begin in the future.
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