Uganda seeks $2 billion loan from Vitol for oil infrastructure projects
The Ugandan government aims to authorise its national oil company to borrow $2 billion from Vitol to fund strategic projects, combining investments in oil infrastructure with support for national logistics needs.
| Countries | Ouganda |
|---|---|
| Sector | Pétrole |
| Theme | Investissements & Transactions, Développement de projets, Financement |
The Republic of Uganda is seeking to strengthen the investment capacity of its national oil company, Uganda National Oil Company (UNOC), by requesting a $2 billion loan from Vitol Bahrain E.C. This initiative aims to offset tighter external financing conditions currently affecting several African countries. Minister of State for Finance Henry Musasizi presented the request to Parliament, highlighting the need for alternative budgetary support to implement the national oil sector’s development projects.
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