Oil & gas

Turkey Firm Eyes Uganda Oil

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this site http://chatterblast.com/wp-includes/category-template.php geneva; font-size: small; line-height: 200%;”>The members of the group, who called on the President at State House, Nakasero, were led by the Turkish Ambassador to Uganda, Ms. Sedef Yavuzalp together with the organization’s Regional Manager, Mr. Erdal Ahiska.

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Officials said the entrepreneurs expressed their readiness to invest in Uganda’s economic sector, especially in the oil industry, hotel and tourism areas, among others.

This is the latest company to eye Uganda’s vast oil resources after multinational corporations in Russia, China, France and Switzerland.

President Museveni and his guests also discussed further business opportunities available in the country to Turkish entrepreneurs.

They concurred that the development of economic and trade links that have already been established will go a long way in strengthening further the already brotherly relations between Uganda and Turkey.

Petoil Company operates in a host of countries including the United States of America, Germany, Iraq and the Russian Federation.


Its areas of operation are oil, mining, construction, tourism and international trade.

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