Business
Trinidad & Tobago to partner with Uganda in oil and gas sector
Tuesday, August 6, 2013
Trinidad & Tobago in a partnership agreement with Uganda will lend its experience in the oil and gas industry in the development of the East African nation’s nascent energy sector.
It is estimated that Uganda has at least 3.5 billion barrels of oil, the country intends to launch production in the next 2 – 3 years.
The partnership between the two countries was endorsed late last week between energy ministers of the two countries.
Trinidad & Tobago is in the process of actively seeking to partner and invest on the African continent. This partnership deal comes on the heals of an agreement in 2011 with the Ghana National Petroleum Corporation to supply energy for power plants in Ghana.