Wednesday, 19 June 2013 17:22
Posted by Muhammad Iqbal
NAIROBI: Uganda is aiming for commercial output of oil by 2016 at the earliest, as the landlocked east African nation seeks cheaper energy and funds for infrastructure projects.Explorers struck oil in east Africa's third largest economy in 2006 and Uganda estimates its crude reserves at 3.5 billion barrels, but wrangling over taxes and the viability of a local refinery have stalled production.Uganda currently transports all of its fuel imported primarily through Kenya's Mombasa seaport in ...