Uganda, Iran to partner in developing energy sector

GOOBJOOG NEWS | KAMPALA: Uganda and Iran have signed a deal that will see the Islamic State help the East African nation in developing its energy sector, especially oil and nuclear, through either sharing of technology or direct financing of projects.

President Museveni extended an invite to his Iranian counterpart Ebrahim Raisi who recently paid him a courtesy call at State House Entebe to consider investment in the Uganda oil refinery project at the oil-rich Albertine region.

President Museveni told President Raisi that his choice of Iran was informed by its experience in building refineries and development of the petrochemical industry.

The call comes at the time when western countries and rights groups are exerting pressure on financiers globally not to fund an oil pipeline and refinery Kampala is supposed to build over environmental and human rights concerns.

The refinery is expected to cost between $4 billion and $5 billion.