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Uganda Names 'Pearl Sweet' Crude Ahead of Commercial Production
Uganda officially named its blended crude oil grade 'Pearl Sweet' in preparation for commercial production.
TruthFoundry Desk
from the fact record
As of 2026-09-03 08:33 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
What this stands on
- Uganda officially named its blended crude oil grade 'Pearl Sweet' on Wednesday in preparation for the start of commercial oil production by the end of the year. · Business Day
- President Museveni stated on 2026-01-08 that Uganda's planned oil refinery remains a priority alongside the East African Crude Oil Pipeline (EACOP). ·
allAfrica.comSouth Africa
- President Yoweri Museveni unveiled the name 'Pearl Sweet' at a ceremony in Kikuube district, about 250km west of Kampala. · Business Day
- State-owned oil firm UNOC stated that companies developing the fields will begin outreach to different refineries, market intelligence activities, and commercial negotiations with interested parties after the naming. · Business Day
- Uganda's recoverable oil reserves are estimated at 1.65-billion barrels, with peak production expected to reach 230,000 barrels per day. · Business Day
- Alpha MBM Investments, an investment firm from the United Arab Emirates (UAE) led by Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, is the lead partner in the oil refinery project. ·
- President Museveni claimed on 2026-01-08 that Uganda's refinery will be one of the most profitable because it is far from the ocean and avoids the transportation costs paid for imported oil. ·
- President Museveni stated on 2026-01-08 that pumping crude to Tanga costs $12.77 per barrel just for transport, which Uganda will avoid by refining domestically. ·
The one we could place publishes from South Africa. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
Article provenance · 8 sources · v 001worldrecordwritingfiling
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The one we could place publishes from South Africa. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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