Iran Conflict Slowing Down Uganda Oil Project -- Market Talk

Dow Jones06-11 22:13

1013 ET - The ongoing conflict in the Middle East has hampered logistical supplies for Uganda's crude oil project, but authorities remain optimistic about starting oil production at the 230,000-barrels-a-day project later this year, says Henry Musasizi, Uganda's finance minister. Crude production at fields along Uganda's western border with the Democratic Republic of Congo is expected to start in the second half of the year, as France's TotalEnergies and China's CNOOC Ltd. continue to advance the project amid global oil supply concerns. "Government has continued to make substantial progress towards First Oil," he told the country's parliament, adding that the production will accelerate the country's growth to 10.2%, restoring growth to double-digit territory for the first time since the 1990s. (nicholas.bariyo@wsj.com; @Nicholasbariyo)

(END) Dow Jones Newswires

June 11, 2026 10:13 ET (14:13 GMT)

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Crude production at fields along Uganda's western border with the Democratic Republic of Congo is expected to start in the second half of the year, as France's TotalEnergies and China's CNOOC Ltd. continue to advance the project amid global oil supply concerns. \"Government has continued to make substantial progress towards First Oil,\" he told the country's parliament, adding that the production will accelerate the country's growth to 10.2%, restoring growth to double-digit territory for the first time since the 1990s. (nicholas.bariyo@wsj.com; @Nicholasbariyo) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2026 10:13 ET (14:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1610","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642280152","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642280152","pubTimestamp":1781187180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1013 ET - The ongoing conflict in the Middle East has hampered logistical supplies for Uganda's crude oil project, but authorities remain optimistic about starting oil production at the 230,000-barrels-a-day project later this year, says Henry Musasizi, Uganda's finance minister. 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Crude production at fields along Uganda's western border with the Democratic Republic of Congo is expected to start in the second half of the year, as France's TotalEnergies and China's CNOOC Ltd. continue to advance the project amid global oil supply concerns. \"Government has continued to make substantial progress towards First Oil,\" he told the country's parliament, adding that the production will accelerate the country's growth to 10.2%, restoring growth to double-digit territory for the first time since the 1990s. 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