President Museveni opens Round Table on Uganda Energy Development

Wednesday 7th May 2014

President Museveni has this morning opened the Round Table on Uganda Energy Development at Lancaster House.

peaking at the Round Table, the President informed the UK industrial and business community that by finding petroleum  Uganda was able to demonstrate that there is Petroleum in Africa's rift Valley.

"After the findings in Uganda there were findings in Kenya by Tullow. We have explored only 40% of the Albertine graben and there are 3.5 billion barrels of petroleum in place. We will take out 1.2 -1.7 billion barrels," he told his audience.

President informed the UK Business Community that Government will towards the end of 2014 announce bidding grounds for exploration of the remaining 60% of the Albertine Graben.

The President the set off to Clarence House to meet His Royal Highness The Prince of Wales.

He will this evening meet Ugandans living in London at St. James Court Hotel.

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