Pearl Sweett to expand globally in early 2027
Uganda is preparing to join the club of oil-exporting countries in early 2027, with the completion of the oil pipeline project that connects its fields to the Tanzanian port on the Indian Ocean nearing completion. The project costs approximately $5 billion and stretches 1,433 kilometers. The global commodities trading company Vitol announced the marketing of Ugandan crude oil, known as "Perl Sweets," which is characterized by low sulfur content (0.12%) and targets international markets. Peak production is expected to reach 200,000 barrels per day, with an operational capacity ranging between 216,000 and 246,000 barrels per day, in order to meet global demand after the official start of exports.
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