Uganda has extended an oil exploration licence to Nigeria’s Oranto Petroleum Ltd. by two years after the company asked for compensation for time lost during
Nigerian billionaire Prince Arthur Eze is set to get richer as its company finally reach agreement with Uganda government for its oil exploration deal.
Uganda Gives Oranto Two-Year Oil Extension Due to Covid Pandemic bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Per the Energy Ministry, Uganda consumes 6.5 million litres of petroleum products daily, with 4,599 licensed retail fuels stations dotting the country as of September 2023