Uganda in Search of JV Partner to Explore Oil Block ...Middle East

Uganda National Oil Company (UNOC) is on the lookout for a joint venture partner to help it explore and develop an oil block in the western part of the African country, a spokesperson for the state-owned oil firm told Reuters on Wednesday. UNOC signed in 2023 a two-year production sharing agreement with Uganda’s government for the Kasuruban exploration block. The agreement could be renewed twice for two years, and the state oil firm renewed the deal in March. Now UNOC wants to develop the block, but is seeking a partner to do so, company…

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