Oil and gas discoveries
The district has a considerable amount of oil deposits estimated at between 2.5billion to 3.5billion barrels in Lake Albert. An oil refinery is planned in Buseruka sub-county, Hoima District, approximately per 40km from Hoima City and is estimated to produce about 60,000 barrels of oil per day. The rest of the oil will be exported through a pipeline via Tanzania. The Uganda–Tanzania Crude Oil Pipeline, also known as the East African Crude Oil Pipeline, is under construction and is intended to transport crude oil from Uganda’s oil fields to the Port of
Tanga, Tanzania on the Indian Ocean.