Uganda names its crude oil blend ‘Pearl Sweet’ ahead of commercial production
Ugandan authorities officially designated the country’s future crude oil blend as “Pearl Sweet” on Wednesday, signaling the nation’s approach to commercial production by year-end. The name pays homage to Uganda’s historical moniker as “the pearl of Africa” and indicates the blend’s minimal sulfur content. Oil reserves in Uganda are estimated at approximately 1.6 billion barrels, with French company TotalEnergies holding the majority stake and China’s CNOOC also participating.
The blend’s commercial release, set for late 2023, will be managed by the Uganda National Oil Company alongside investments from TotalEnergies and CNOOC. Ugandan President Yoweri Museveni emphasized the milestone as a means to boost local industries, including refining and petrochemicals, while reducing dependence on imported petroleum.
The production capacity is projected to stabilize around 230,000 barrels daily, with exports originating from distinct projects by the respective investors. Despite facing legal and environmental challenges, including opposition to a pipeline connecting Uganda’s oil fields to Tanzania, Ugandan authorities remain resolute, dismissing climate advocacy as interference in domestic matters.
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