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Uganda invests $12.3 billion in oil sector

By , based on PML Daily

Uganda invests $12.3 billion in oil sectorIllustrative image · Bornil Sarker · Pexels · Licence Pexels

Uganda has invested more than $12.3 billion in its oil sector, creating more than 22,000 direct jobs. As the country approaches first commercial production, the economic, social and environmental impact of these investments is receiving increased attention, according to PML Daily.

Investment in Uganda's oil and gas sector has reached more than $12.3 billion, while development of the industry has created more than 22,000 direct jobs, reports PML Daily.

As commercial oil production approaches, the sector must demonstrate that these investments can produce lasting economic, social and environmental benefits, according to PML Daily.

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