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JOHANNESBURG- Uganda, which is developing oil deposits but has yet to begin production, will launch its next bidding round for oil exploration licenses in May 2019, a government official said on Tuesday.
Uganda discovered 6.5 billion barrels worth of hydrocarbon deposits 12 years ago in the Albertine rift basin near its border with the Democratic Republic of Congo but production has been repeatedly delayed by disagreements with oil companies over field development strategy and tax disputes.
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