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Elly Karuhanga asks local companies to invest in key requirements to match oil industry standards
The discovery of large oil reserves in Uganda has led to widespread expectations that the economy will quickly be transformed.

The discovery of large oil reserves in Uganda has led to widespread expectations that the economy will quickly be transformed.

The dream is now set to become a reality.

However, Elly Karuhanga the chairman chamber of mines and petroleum says companies, especially those involved in logistics, transport, warehousing, camp management among others must invest in key requirements in order to match industry needs.

According the Energy ministry figures the cost of building the upstream facilities and pipeline is up to 10bn dollars, while the refinery could be another 4bn dollars.

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