President Yoweri Kaguta Museveni has unveiled “Pearl Sweet” as the official name of Uganda’s crude oil, ahead of the country’s anticipated first oil production.
President Museveni announced the name on today during a visit to the Kingfisher Oilfield in Buhuka, Kikuube District, where the Kingfisher Central Processing Facility (CPF) has reached mechanical completion, marking a major milestone in the development of the oilfield and Uganda’s transitior towards commercial oil production.
“We are here to celebrate and give this baby (oil) a name. These people have told me to name this baby Pearl Sweet Petroleum. We call it swee because it does not have sulphur. When it has sulphur, it is more expensive to remove the sulphur. This one either has little or no sulphur,” President Museveni said.
President Museveni said Uganda’s petroleum resources have the potential to significantly transform the country’s economy, provided they are managed strategically and linked to industrial development.
“The petroleum industry would push us very far,” the President said, pointing to the planned refinery and its potential to produce fuel for vehicles, aviation fuel and other petroleum products
“So, what is happening here is not a joke. It will have a lot of implications,'”
