Five New oil Blocks up for grabs

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Five new blocks have been put up for the second licensing round in the Albertine Graben. The announcement of the new five blocks was made by the Minister of Energy and Mineral Development Eng. Irene Muloni. This was during the 9th East African Petroleum Conference and Exhibition (EAPCE) at Pride Inn, Mombasa, Kenya. The minister said they were expecting many potential exploration companies for the blocks given that the current price of crude oil was high and very attractive for investment. She added the cost of finding oil in Uganda has…

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