First oil revenue to support 2026/27 budget — BOU chief

“Everything is in progress, most of the activities are at pre-commissioning levels before they can be commissioned, we are on schedule to have the first oil flow,” Ssekatawa said. BOU’s Dr Atingi-Ego said the progress of the East African Crude Oil Pipeline (EACOP) is critical to Uganda’s macroeconomic outlook, noting that government revenue projections and export earnings are closely tied to the successful delivery of the country’s oil and gas projects.

Dr Zeija (right), Dr Atingi-Ego (second-right), Justice Catherine Bamugemereire (second-left) examine an oil sample during their visit at the East African Crude Oil Pipeline pump station one in Hoima district, last week.