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Home Oil and Gas

Uganda Looks to Norway, UAE Models in How Best To Diversify a National Economy Off Oil Riches

Newsdesk by Newsdesk
April 21, 2024
in Oil and Gas, Oil and Gas
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The Petroleum Authority of Uganda (PAU) is hoping to model the experience of countries such as Norway and the UAE to leverage its oil and gas riches to maintain gains in economic growth and diversification beyond the life cycle of those projects.

Uganda expects a long-term economic uplift over the next 3 decades as oil and gas revenues pour $8.6 billion into Uganda’s GDP as production from the Kingfisher and Tilenga upstream parts of the Lake Albert development comes on-stream in 2025 (Fig. 1).

Screen Shot 2024-04-16 at 9.48.43 PM.png

Fig. 1-The Kingfisher development…



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