Uganda says full-scale oil production to come within two years

An oil exploration tower is pictured in Tonya on the shore of Lake Albert on April 25, 2008Uganda’s finance minister said on Thursday that the country hopes to begin full-scale oil production within two years, but vowed it will not become a petro-state. Maria Kiwanuka promised that the government would not squander the windfall that will come with the exploration of an estimated 3.5 billion barrels of crude, which could transform the economy. Uganda is not Saudi Arabia, it is not Venezuela, we are not even Nigeria.” Uganda, she said, would remain an agriculture-first economy.

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