IEEFA – Reassessing Oil in Uganda, Dec 2025

Summary

This report reassesses Uganda's oil sector amid significant challenges and market changes.

It highlights delays, cost inflation, financing issues for the East African Crude Oil Pipeline, and the impact of global oil market volatility. The report also analyzes climate transition and fiscal risks, emphasizing that Uganda's oil returns are likely to be concentrated in the next decade with limited long-term transformational impact.

Region: Africa

Published: December 2025

Author(s): IEEFA

Language: English

Tech drivers: Quantum Computing

Social drivers: Pandemics Sustainability and ethics

Geopolitical drivers: Economic conditions Political instability and conflicts

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