Uganda Set to Become World's Newest Oil Exporter in Early 2027
The global list of crude oil exporters will expand with Uganda early next year as the African country is moving closer to first oil from a project whose crude will flow through a new pipeline to Tanzania's coast. Landlocked Uganda, where France's supermajor TotalEnergies and China's CNOOC have been developing the Tilenga and Kingfisher oil fields, will become a crude oil exporter in early 2027,…
Uganda is poised to become the world's newest oil exporter in early 2027, as the country progresses towards its first oil production from the Tilenga and Kingfisher fields. These oil fields, developed by TotalEnergies and CNOOC, are located in the landlocked nation's Albertine Graben. The Uganda National Oil Company (UNOC) has appointed global energy trader Vitol to market Uganda's Pearl Sweet crude oil before exports commence in early 2027.
The Pearl Sweet crude, extracted from the Tilenga and Kingfisher fields, boasts a low sulfur content of 0.12%, making it an attractive commodity for international markets. The $5 billion East African Crude Oil Pipeline (EACOP) is nearing completion, facilitating the transportation of crude from Uganda's Albertine Graben to Tanzania's port of Tanga.
With production from the Albertine Rift Basin expected to peak at 200,000 barrels per day, Uganda anticipates a significant expansion in its crude oil exports.
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