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Indian and Chinese companies have joined the race for Uganda's oil assets in the Lake Albert Basin, where at least 2 billion barrels of oil have been discovered. Opportunities have arisen since President Yoweri Museveni's government is using the transfer of oil assets as a tool to extract more attractive terms from international oil companies operating in Uganda....

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Keywords:

Chinese, Uganda, Yoweri Museveni, Britain, Italy, France', Prashant Ruia, Kenya, Charles Wagidoso, Swiss, Ernest Rubondo, Africa-Asia Confidential, AAC