Uganda Names Its New Crude Oil Pearl Sweet
Uganda has named its blended crude oil grade Pearl Sweet ahead of commercial production slated for later this year. Recoverable reserves are estimated at 1.65 billion barrels.
Insights:
Uganda named its newly blended crude oil Pearl Sweet ahead of planned commercial production by the end of this year. The designation follows two decades of delays driven by infrastructure deficits and developer disputes. The milestone unlocks commercial outreach for fields holding 1.65 billion barrels of recoverable reserves.
