Key Facts

• Uganda will begin commercial oil production by the end of 2024.
• The country named its crude oil blend "Pearl Sweet," referencing Uganda’s nickname as "the pearl of Africa."
• "Sweet" refers to the crude oil’s low sulfur content, which is desirable in the oil market.
• Uganda has about 1.6 billion barrels of recoverable oil reserves.
• Major investors in Uganda’s oil projects include TotalEnergies (France), China National Offshore Oil Corporation (CNOOC), and Uganda National Oil Company, which owns 15%.
• Production is expected to reach around 230,000 barrels per day.
• The oil pipeline will connect oil fields near Lake Albert to a port in Tanzania.
• The pipeline project faces opposition from environmental groups concerned about its impact on protected forests, wildlife, and fresh water sources, and its conflict with climate agreements.