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Uganda’s $2 Billion Oil Bet Reshaping UNOC, Vitol, and Economy

Uganda’s state-owned National Oil Company (UNOC) is set to acquire a $2 billion loan from Vitol Bahrain EC (VBA) to fund oil-linked infrastructure, including a domestic refinery, pipelines, storage terminals,.

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Uganda’s Refinery Model Offers Blueprint for African Energy Sovereignty

For decades, the story of African oil has been a paradox of poverty amidst plenty. Nations rich in black gold have watched their crude siphoned away in tankers, only to.

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