Foreign Countries Eying Uganda's Oil Supply

Foreign markets have expressed interest in expanding into Uganda's oil market. Leaders from the Australian government have stated that they have increased dialogue with Uganda on a mutually beneficial relationship that would provide oil to Australia and an increase in trade and diplomatic relations for both countries. Not only does Australia have an interest in Uganda's oil supply, but they are also eying Uganda's mineral resources, specifically the copper that is found along the Uganda/Democratic Republic of the Congo border. It is estimated that Uganda possesses 700 million barrels of oil under Lake Albert, but that the country itself only needs 11,000 barrels per day.

Mary Naset