Uganda May Not Produce Oil Until 2025 – World Bank

Getting your Trinity Audio player ready...

Uganda’s dream to be an oil-producing country may not be realized until 2025, the World Bank has said.In its Economic Update report, the bank says “the sharp decline in world oil prices resulting from the COVID-19 crisis could delay oil sector investments in the medium term and oil production beyond 2025” even when the private sector remains optimistic about oil production in Uganda.This wil