Russia’s largest private crude producer, Lukoil, has expressed interest in the exploration, production and refining of Uganda’s waxy oil, according to reports in the Russian media.
The development came a day before President Yoweri Museveni met his Russian counterpart Vladimir Putin in Moscow yesterday, where they discussed prospects of bilateral cooperation on energy and mining.
President Putin’s office issued a statement after the meeting, indicating military supplies were on the table alongside talks on investments in engineering, construction and finance.
“Vladimir Putin and [the] President of Uganda Yoweri Museveni discussed prospects for bilateral cooperation in energy, engineering, geological exploration, construction, finances and military supplies,” the Kremlin said, “Views were also exchanged on the situation in Africa.”
Details of the talks were scanty by press time, although it is understood the two spoke at length about oil and gas, a sector in which Museveni is scouting for overseas investors.
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