By our reporter
Good things await to come to Uganda’s way as an American oil and gas expert is set to invest in the country.
While in Uganda, Brian Oller, the founder of Vega Chemical Corp, which manufactures lubricants and additives for heavy fuels and diesel has expressed interest in investing in the country’s oil and gas sector.
Besides oil and gas, Oller also made known his interest in investment fields such as textile, condom manufacturing and water transport.
The oil expert was invited to the country by Lync Africa chief executive Isaac Kigozi through the NRM diaspora league.
In a meeting with Jolly Kaguhangire, the Executive Director of Uganda Investment Authority (UIA), Oller revealed that by 2019, they will be blending locally in Uganda.
“We are still putting the costs structures together, but we are excited on getting our footprint in the Ugandan soil,” he said.
“With all of the different opportunities we continue to uncover here, it will take us some time to analyse and put costs together, while we continue to get a better understanding of a full value proposition,” he added.
In a separate meeting with energy minister Eng. Irene Muloni, he was assured of government’s support on how quickly he can get through the process of investing in Uganda.
After the investment is done, Oller promised that he will offer employment to thousands of Ugandans as well as offering job training and continuous education to ensure that they are prepared to meet the needs of the market.
On the other hand, Kigozi urged Ugandans in different parts of the world to follow President Museveni’s advice to attract more investors into Uganda, especially in the oil and gas sector.
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