President Yoweri Museveni has named Uganda’s crude oil “Pearl Sweet Petroleum” ahead of the country’s planned commencement of oil exports.
Museveni said the name reflects the quality of Uganda’s crude oil, which has a low sulphur content. Crude oil with low sulphur is generally considered more valuable on the international market because it is easier and cheaper to refine.
The President said Uganda’s petroleum is “sweet” because it contains little sulphur, distinguishing it from crude oil with high sulphur content, which requires additional processing and can attract higher refining costs.
Uganda is preparing to enter the global oil market as the country advances the development of its oil resources in the Albertine Graben.
The commercial oil project is being developed by the government alongside its partners, with crude oil expected to be transported through the East African Crude Oil Pipeline (EACOP) for export.
Details to follow.
