CRUDE OIL PRICE: Gov’t will not sell below 12 U.S cents per barrel

410 views · Published 20 December 2018 · 1:36 · Indexed 5 October 2026

Channel: NTVUganda · 2018 · News & Politics

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Government is categorical that it will not entertain discussions with joint venture partners around outcomes in exporting Uganda's crude oil beyond 12 US cents per barrel. This position echoed by Energy Minister Irene Mulloni, at News Conference on the sector this afternoon, is partly laying bare the crisis and financing interventions for the $3.5 B dollar Pipeline that threatens profitability. 

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