Tag Archives: oil

By Jocelyn Edwards Which company has the President’s blessings? Experts ask why President has locked out Parliament The wrangle over who will win the right to develop Uganda’s oil has turned from a tussle into an all-out brawl in recent weeks, with the Ugandan government at the centre. Multinational oil …

By Independent Team On October 16, 2009, University of Oxford’s Prof. Paul Collier in a public address at Serena Conference Centre in Kampala on the prospects of an oil windfall for Uganda criticized the decision making. ‘Avoid awarding oil contracts through secret negotiations because this increases the wall of suspicion. …

By Jocelyn Edwards When rangers discovered the remains of the only male reedbuck in Kabwoya Park in the sack of a Tullow Oil contractor, they found what are perhaps the first signs of the impact that oil exploration will have in one of Uganda’s protected regions. Authorities got concerned when …

By The Independent Team Interested company linked to bribery in Nigeria Plans to start refining Uganda’s oil may be delayed because of wrangling over new partners by the exploration companies, Heritage Oil and Tullow Oil. President Museveni in his New Year address to the nation on December 31, 2009, said …

  By Jocelyn Edwards The man who got Shs 250 billion from selling Uganda’s oil has a ‘deal with him at your own risk’ tag in financial circles The company that may have taken Uganda for a ride in the deals for one of its most valuable resources is headed …

By Ariel Rubin A scathing new report issued by the London-based environment and governance watchdog Platform has put government and oil companies under fire. Revealing for the first time one of the production sharing agreements (PSAs) between Heritage and the government, Platform’s analysis reveals that, contrary to oil company and …

By Andrew M. Mwenda On October 16, 2009, Oxford’s Prof. Paul Collier gave a talk at Serena Hotel in Kampala on the prospects of an oil windfall in Uganda. Unlike in most of his work, this time Collier did not focus on how the international community (read the West) can …

By The Independent Team On October 16th 2009, University of Oxford’s Prof. Paul Collier gave a talk at Serena Conference Centre in Kampala on the prospects of an oil windfall for Uganda. Below we produce a slightly edited version of his speech. Prof. Paul CollierA country’s competitiveness rest on two …

By Independent Reporter President Yoweri Museveni’s Independence Day announcement that Uganda is to build a mini-refinery for its recent but substantial oil finds has sparked a rush among oil producing companies. Discussions on accelerating the management and institutional capacities of new oil discoveries and gas-producing economies were high on the …

By Kayvan Farzaneh Growing interest in the oil sector has helped boost general confidence in Uganda’s wider economic prospects. The improved outlook rating could help Uganda access funds from international financial markets more cheaply. Last week, the international credit-ratings firm Fitch Ratings, for the first time, upgraded its opinion on …