President Receives Turkish Entrepreneurs

Saturday, 18th April 2014
President Yoweri Museveni has received and held talks with a visiting Turkey-based entrepreneurial group who operate under their umbrella organization Petoil Petroleum Exploration and Production.

The members of the group, who called on the President today at State House, Nakasero, were led by the Turkish Ambassador to Uganda, Ms. Sedef Yavuzalp together with the organization’s Regional Manager, Mr. Erdal Ahiska.

The entrepreneurs expressed their readiness to invest in Uganda’s economic sector, especially in the oil industry, hotel and tourism areas, among others.

President Museveni and his guests also discussed further business opportunities available in the country to Turkish entrepreneurs. They concurred that the development of economic and trade links that have already been established will go a long way in strengthening further the already brotherly relations between Uganda and Turkey.

Petoil Company operates in a host of countries including the United States of America, Germany, Iraq and the Russian Federation. Its areas of operation are oil, mining, construction, tourism and international trade.