Tridge summary
The Petroleum Authority of Uganda (PAU) has identified a significant business opportunity for small and medium enterprises (SMEs), particularly farmers, in supplying produce to the Tilenga and Kingfisher oil project camps. The projects, expected to create over 160,000 jobs, are in the preparation phase and are projected to last between 25 and 30 years. The demand for agricultural produce like beans, cassava, maize flour, and rice is expected to be high, with thousands of tonnes required monthly. However, Uganda's agricultural sector will need to increase production by significant margins to meet this demand. The PAU urges farmers to register on the National Supplier Database and form associations or cooperatives to consistent:ly meet the demand. However, challenges such as high business costs, lack of specialised personnel, and competition from more experienced players may hinder Ugandan SMEs from competing in the oil industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ugandan farmers could reap billions of shillings from selling produce to Tilenga and Kingfisher oil project camps once the development of the country's oil resources kicks off, a report from the Petroleum Authority of Uganda (PAU) has indicated. Preparation of the oil fields for production is being undertaken under two separate projects, the Tilenga project in Buliisa and Nwoya districts, and the Kingfisher project in Kikuube and Hoima districts. The oil is estimated to last between 25 and 30 years, with an estimated daily output of between 190,000 and 200,000 barrels of oil once production starts. The PAU report about opportunities that await small and medium enterprises (SMEs) in the country states that the estimated demand of agricultural produce for both projects is in thousands of tonnes. The report states that beans, cassava, maize flour and rice were among the items most demanded to feed about 8,000 workers expected to reside in the camps. For example, Tilenga project where ...
Source: All Africa
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