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Ugandan oil can feed entire East African region
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THE HERITAGE Oil and Gas Company will hold negotiations with the Ugandan government to construct a refinery that will supply the East African region with petroleum products, a senior company official has said. Recently, Uganda's single biggest oil find was announced by the oil company at Kingfisher well in Bunyoro with a flow rate close to 14,000 barrels of oil per day.
Bryan Westwood, the company's country director, said: "We cannot accelerate the production time to earlier than 2009. We have, however, considered the possibility of a mini refinery because the cost of constructing a pipeline is much higher."
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Westwood also said that the minirefinery would be capable of producing diesel, paraffin, heavy oils and aviation oil. "With this, we can provide the whole of East Africa with fuel and we shall become self-sufficient."
The company is currently in the process of acquiring a bigger rig that can drill deeper.
He explained that the combined discovery of about 26,000 barrels a day is much higher than the country's consumption. He also asked the oil companies to speed up the oil discovery process so that the government can generate money out of it to fight poverty.
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