Unlikely Oil Region Searches For New Investors

Uganda is currently pitching its vast and underdeveloped oil resources to investors at roadshows around the world, Uganda’s Energy Minister Irene Muloni told Bloomberg Television in an interview in Dubai on Tuesday. Uganda is one of the hot spots for oil development in sub-Saharan Africa. A newcomer on the oil scene, the landlocked country has so far welcomed Tullow Oil, CNOOC, and Total in its oil-rich regions.   Uganda has announced a second bidding round to be held next year, offering five oil blocks from which it expects…