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Uganda offers six petroleum blocks in licensing round - ministry

Reuters - UK Focus

KAMPALA, Feb 24 (Reuters) - Uganda is offering six petroleum blocks in its first competitive licensing round in the Albertine Graben area, a region where oil has already been discovered, the Energy and Mineral Development Ministry said on Tuesday.

"This licensing round will cover six blocks in the Albertine Graben which is a proven prospective sedimentary basin," it said in a statement, adding that awards were expected by the end of 2015.

Investor (LSE: 0NC5.L - news) interest in Uganda's potential has been growing since commercial crude reserves were found in 2006.

(Reporting by Elias Biryabarema; Writing by Drazen Jorgic; Editing by Edmund Blair)