Between 2000 and 2009, a considerable amount of oil deposits, estimated at between 2.5 billion to 3.5 billion barrels, were discovered in Lake Albert and on the shores of the lake in Hoima District and the neighboring Buliisa District. An oil refinery, the Uganda Oil Refinery, is planned in Kabaale Village, Buseruka Sub-county, Hoima District, approximately , west of Hoima. An oil pipeline, the Uganda-Tanzania Crude Oil Pipeline, is also planned to evacuate crude oil to the Tanzanian Indian Ocean port of Tanga. Consequently, Hoima is poised to become a hub of economic activity.