Uganda Presidential Hopeful To Review Oil Contracts if Elected

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Uganda's opposition candidate Bobi Wine plans to review oil contracts with international firms if elected, aiming to revise deals that are not favorable to Ugandans.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Bobi Wine, a pop star-turned-politician and an opposition candidate in Uganda’s presidential election next week, will review all oil contracts the country has with international oil firms and revise any deals that aren’t favorable for Ugandans. “We shall study all agreements,” Wine told Reuters in an interview published on Thursday, a week before Uganda – an aspiring oil-producing nation – holds presidential elections on January 15. “And any part in those agreements that does not favour Ugandans will definitely…

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Original article published by OilPrice.com on January 8, 2026.
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