Uganda set to begin oil exports

Uganda is preparing to become the newest oil-exporting country in the world, with commercial shipments of "Perr Sweit" crude set to begin in December 2026, and production expected to reach 230,000 barrels per day within three years. Production will start from the "King Fisher" field at a capacity of 25,000 barrels per day initially, increasing to 40,000 barrels within six months, while the larger "Tilenga" project is scheduled to launch in the first quarter of 2027. The oil has been marketed at a low-sulfur price relative to Brent crude, marking a significant step in strengthening Uganda's economy and expanding its oil capabilities on the global stage.

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