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President Museveni advocates for refinery, petrochemical industry cooperation with Iran


President Museveni advocates for refinery, petrochemical industry cooperation with Iran

President Yoweri Kaguta Museveni has urged H.E Sayyid Ebrahim Raisolsadati, the leader of the Islamic Republic of Iran, to engage in trade with Uganda. The president made this statement during a speech at State House Entebbe on Wednesday, following the arrival of his guest for an official two-day visit to Uganda. President Museveni highlighted Uganda’s abundant agricultural resources, including crops like cocoa, coffee, bananas, maize, tea, as well as fish from Lake Victoria.

“We have great potential for trade collaboration. Iran possesses a wealth of experiences that we can benefit from. Several years ago, we discovered a small amount of oil here, and I had disagreements with our colonial agents who insisted on constructing only a crude oil pipeline without a refinery. I questioned their reasoning, and they claimed that refineries yield no profit,” stated Museveni passionately.

The president recounted his visit to Iran some years ago, during which he engaged with H.E Ahmadinejad, who was then in power. During their conversation, Museveni inquired about the profitability of refineries, as he had heard they were not financially viable. Ahmadinejad responded by revealing Iran’s impressive nine existing refineries and their plans to build more. This encounter had a profound impact on Museveni, leading him to assertively advocate for a refinery and the development of Uganda’s petrochemical industry.

“When I returned, I stood my ground and insisted on establishing a refinery for our oil and petrochemical sector. Just this morning, I saw news of Iran opening a new petrochemical centre. It is evident that there are areas of mutual benefit and complementarity,” said the president.

President Museveni then directed the ministers to prioritize this matter, and he pledged to appoint a representative from the Foreign Affairs Ministry to oversee the coordination of these efforts. He emphasized that he would communicate this decision formally.

Expressing his gratitude, H.E Sayyid Ebrahim thanked President Museveni for the invitation to visit Uganda. He conveyed Iran’s commitment to prioritizing bilateral relations with African countries, particularly Uganda, as a key aspect of their foreign policy.

“Mr. President, as you rightly pointed out, both Uganda and Iran possess numerous capacities and capabilities. We firmly believe that by exchanging and harnessing these capabilities, we can foster the expansion of bilateral relations and further enhance economic and trade ties between Iran and Uganda,” noted H.E Sayyid.

Sarah K. Biryomumaisho is a seasoned multimedia Award Winning journalist with 11 years of experience in broadcast and writing. She is recognized for her expertise in the field and holds a Diploma in Business Administration from Makerere Business Institute, which has equipped her with a strong foundation in business principles. Sarah's commitment to professional development is evident through her continuous pursuit of knowledge and skills. She has obtained a Certificate in Media Management from Women in News, an esteemed organization dedicated to empowering women in the media industry. In 2020, she successfully completed a Course in Wikimedia, demonstrating her proficiency as one of the few Wikipedia Editors in the country. To further enhance her reporting capabilities, Sarah has also acquired a certificate in Gender Justice Reporting from The International Women's Media Foundation (IWMF). This specialized training has equipped her with a deeper understanding of gender-related issues and their portrayal in the media. Throughout her career, Sarah has contributed her talent to various media houses, including six radio stations, where she has showcased her versatility and adaptability. Her most recent engagements include Galaxy FM 100.2 and Radio 4. Additionally, she has served as a writer for Andariya Magazine, further demonstrating her ability to excel in different mediums. Sarah's expertise extends beyond journalism. She has worked as a Digital Communications consultant for the revitalized Uganda Airlines, leveraging her skills to effectively communicate the airline's message in the digital sphere. Her passion for digital media and technology makes her a valuable asset in the evolving landscape of communication. In her entrepreneurial pursuits, Sarah is the proud owner of TheUgPost, a renowned media organization with a strong presence in Uganda and a global reach. Through this platform, she continues to make a significant impact by providing reliable and engaging content to a wide audience. Sarah won the Top Environmental Journalist Award 2023 from Uganda Biodiversity Fund. Twitter;

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