Meeting: between Lukoil executives and president Yoweri Museveni
Lukoil goes courting in Uganda
Russian producer Lukoil plans to invest in Uganda's nascent petroleum industry as foreign interest in the country's newly-found oil continues to mount.
The news came in a statement released by the office of Ugandan President Yoweri Museveni this morning.
A Lukoil delegation, led by the company's vice president for business development Andrei Sapozhnikov met Museveni on Friday to discuss their plans, the statement said.
"Sapozhnikov expressed interest in the oil exploration, refinery and the training of local manpower to facilitate the development of the sector," Reuters quoted the statement as saying.
The president's office declined to give any indication of how much Lukoil was looking to invest.
The statement added that Museveni was "pleased to receive the investment proposal of the company and informed his guests of the variety of opportunities in the petroleum sector in Uganda".