Uganda Oil Companies Shrug Off Environmental Concerns To Advance $10 Billion Oil Project.
An article by Ms. Diana Taremwa Kakaire.
The Ugandan government, backed by French and Chinese investors recently announced a final investment decision to kick start the long-delayed development of Uganda’s vast crude oil reserves, opening the way for the East African nation to become an oil exporter. But the planned development of the $10 billion projects, along the shores of Lake Albert, poses new threats in the ecologically sensitive area.
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