Tag Archives: oil

By Angelo Izama The issue will come to a head as parliament considers the Public Finance and Accountability Bill In Luo folklore, two feuding brothers, Gipir and Labong, quarreled and split ways. Labong had been forced to risk his life and replace a spear belonging to his brother Gipir he …

By Ronald Musoke President Museveni may have talked tough accusing some MPs and civil society organizations of selling out to  ‘foreign interests’ but the latter have come out to respond, saying they are determined to fight on, to ensure that all Ugandans benefit from the oil resources. While appearing before …

By Ronald Musoke The Civil Society Coalition on Oil (CSCO), a group of Ugandan NGOs following the oil and gas sector have labeled President Museveni’s accusations that the NGOs and some MPs were representing ‘foreign interests’ during the just concluded debate on the Petroleum (Exploration, Development and Production) Bill, 2012 …

By Aloysious Kasoma Opposition Democratic Party has warned the government to handle the oil issue with care or else it can lead to political turmoil. According to DP there is enough evidence that president Museveni has personal interests in the industry “The available evidence indicates that President Museveni  has personal …

By Ronald Musoke Although Uganda is yet to pump her first oil, the Uganda Revenue Authority, just like other government agencies with a role to play in the country’s fledgling oil and gas sector has created a unit to handle oil revenues. While speaking at the hastily organized national dialogue …

By Ronald Musoke Oil companies prospecting for oil and gas in Africa need to ensure the very highest standards in environmental risk management, Tullow Oil’s director of exploration, Angus McCoss said recently. McCoss said minimizing the companies’ footprint through genuine consultation, design and technology is a first step. “The opportunity …

By Ronald Musoke Ugandans will only benefit from its oil and gas resources if the country’s Parliament comes up with a nationalistic oil and gas legal regime which is futuristic and inter-generational to ensure transparency and accountability. According to Arthur Benomugisha, the executive director of the Advocates Coalition on Development …

  By Ronald Musoke The president of the African Development Bank, Donald Kaberuka, has advised Uganda to exploit her oil and natural gas resources in an optimal manner if the country is to avoid repeating the mistakes the first generation African oil and gas producers like Nigeria have made over …

By Ronald Musoke Politicians disagree over oil money as businesses face bankruptcy During a meeting on securing Uganda’s oil revenue on Sept.13 in Kampala, disagreement erupted among top politicians and national economic planners on how best to spend the expected bounty. But business people and civil society leaders had a …

By Haggai Matsiko New rules to force CNOOC, Total, Tullow to reveal money paid The U.S’s Securities and Exchange Commission has finally issued the long awaited new rules that outline how oil, gas and mining companies must comply with Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection …