Oil in Uganda a Turning Point of Uganda,s Future Economy
Oil in Uganda and Gas discovery is the order of the day if we talk about Uganda’s future economic prospects. Heritage and Tullow Oil Uganda Companies that have been working tirelessly to see that Uganda Oil Reserves are put forward to Uganda oil and Gas production announced that the amount of so far available can sustain an Oil refinery in Uganda. 
After years of painstaking Uganda Oil Exploration, Ugandans heard what they have been longing to hear - the discovery of oil in their country. The country's President, Yoweri Museveni, made the announcement. The elated President said Uganda's search for oil, which cost companies at least US$ 70 million, started in the country's western regions, with the oil blocks of Waranga 1, Waranga 2 and Mputa in 1989. An Australian oil exploration company, Hardman Resources Ltd, made the discoveries but the government was waiting for a fitting day to make the news public to its citizens. 
Mr Museveni said, soon his government would begin production and start building an oil refinery. Describing oil as a blessing for Uganda, President Museveni pledged to use the resource to fund development in the country. The Ugandan President said he expected production to begin in 2010, with initial production of 6,000 to 10, 000 barrels a day. This latest development may soon put Uganda among Africa's oil producing nations, chief among them Nigeria, Equatorial Guinea, Angola and Libya.
The Ugandan government has opted to pursue an Early Oil in Uganda Production Scheme, which will involve setting up a mini-refinery to process a moderate amount of crude oil in order to produce diesel, kerosene and heavy fuel oil as well as develop a heavy fuel oil-based power plant to generate electricity.
"Apart from discovering the oil underground, Uganda also has the capacity to produce bio-diesel - diesel from plants such as Jatropha (ekiroowa, etc) and Pongomia Pinnata (proposed to be imported from India). Some companies from Asia are ready to move in immediately. Government will establish joint ventures with some of them. A Ministry of Energy official in Uganda, was quoted as saying that the three discovered fields in western Uganda have reserves of between 100 million and 300 million barrels.
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