The Ugandan government announced on Tuesday that the deadline for the commencement of commercial oil production has been extended to June 2027. The decision follows a series of setbacks, including delays in pipeline construction, financing challenges, and negotiations with multinational partners. President Yoweri Museveni emphasized that the extension will allow the country to ensure environmental safeguards and secure better terms for revenue sharing. Industry analysts say the new timeline gives investors a clearer window to finalize contracts, but caution that further postponements could erode confidence in Uganda’s emerging oil sector.
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