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Rami Khrais, Oil & Gas Analyst at GlobalData, has said that the project will be one of the largest oil developments seen in Africa over the last 20 years, expecting to recover over 1.5 billion barrels of oil. ....
The final investment decision (FID) will be critical for both Uganda and Tanzania as they move to establish regional energy security in 2022 and beyond. ....
During a ceremony held in Kampala, the Lake Albert Development Project partners announced the final investment decision and the launch of this major project. ....