Business
Operation Wealth Creation management team tours Albertine Graben
A release from OWC states that in his brief remarks, Brig. Muwanguzi urged investors to adhere to project timelines and ensure accountability in the use of government resources.
The Senior Management Committee of Operation Wealth Creation (OWC) on a working visit to the Albertine Graben. (Courtesy photo)
By: Admin ., Journalist @New Vision
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The Senior Management Committee of Operation Wealth Creation (OWC) has assessed major petroleum, industrial and agricultural projects in the Albertine Graben.
During the two-day assessment led by OWC Deputy Chief Coordinator Brig Gen Godfrey Muwanguzi, the team visited several developments, including oil and gas infrastructure.
The field tour focused on: investment, infrastructure development, environmental protection, and local economic empowerment.
A release from OWC states that in his brief remarks, Brig. Muwanguzi urged investors to adhere to project timelines and ensure accountability in the use of government resources.
The delegation visited the Tilenga oil project in Buliisa District, operated by TotalEnergies, and the Kingfisher Oil Field in Kikuube District, operated by CNOOC.
At the Kingfisher Central Processing Facility, the committee was briefed on drilling operations, crude oil processing, waste management and measures to mitigate environmental risks.
The delegation visited the Tilenga oil project in Buliisa District, operated by TotalEnergies, and the Kingfisher Oil Field in Kikuube District, operated by CNOOC.
At the Kingfisher Central Processing Facility, the committee was briefed on drilling operations, crude oil processing, waste management and measures to mitigate environmental risks.
The OWC team also got a brief on the East African Crude Oil Pipeline (EACOP), which will transport crude oil from Uganda’s oil fields to Tanga Port in Tanzania.
In Hoima District, the committee reviewed the 2025 Master Plan for Kabaale Industrial Park, a planned hub for petroleum-related industries, manufacturing and value addition. The delegation also received an update on the proposed Uganda Oil Refinery, with Government targeting a Final Investment Decision by February 2027.
The committee further assessed the role of Kabaale International Airport in supporting petroleum and industrial development in the region before visiting Kaseeta Modern Ecological Demonstration Farm in Kikuube District.
The farm provided an opportunity to assess how modern agricultural practices, value addition and improved market access can increase household incomes and strengthen local participation in the regional economy.
The assessment concluded with a call for timely implementation of projects, prudent management of public resources, environmental protection and stronger value chains to maximise the benefits of investments in the Albertine Graben.
In Hoima District, the committee reviewed the 2025 Master Plan for Kabaale Industrial Park, a planned hub for petroleum-related industries, manufacturing and value addition. The delegation also received an update on the proposed Uganda Oil Refinery, with Government targeting a Final Investment Decision by February 2027.
The committee further assessed the role of Kabaale International Airport in supporting petroleum and industrial development in the region before visiting Kaseeta Modern Ecological Demonstration Farm in Kikuube District.
The farm provided an opportunity to assess how modern agricultural practices, value addition and improved market access can increase household incomes and strengthen local participation in the regional economy.
The assessment concluded with a call for timely implementation of projects, prudent management of public resources, environmental protection and stronger value chains to maximise the benefits of investments in the Albertine Graben.