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Uganda to auction 13 blocks for oil exploration

Published January 23, 2013 Updated January 23, 2013 12:36pm
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By Shoaib Ur Rehman
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uganda-oilKAMPALA: Uganda will auction 13 blocks for oil and gas exploration when the country's president signs a new bill governing the petroleum sector into law, its junior energy minister said on Wednesday.

 

"We are waiting for a Presidential assent to that law and then we will be ready to advertise for a new licensing round. We have 13 blocks that are currently not licensed which prospective bidders can apply for," Peter Lokeris told Reuters.

 

Copyright Reuters, 2013
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