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On Sunday 11th April 2021, oil companies and the governments of Uganda and Tanzania signed three accords: a tariff and transportation agreement, shareholding agreement, and Host Government Agreement. The signing of these paves the way for the development of key oil infrastructure projects, such as...
Uganda found commercial oil in 2006. But only now is the country readying itself for the Final Investment Decision. The FID, expected this March or thereabouts, is the point in the capital project planning process when the decision to make major financial commitments by oil companies is taken...
One of the salt mines in Uganda
In August 2020, Uganda formally joined the Extractive Industries Transparency Initiative (EITI). This requires Government and IOCs/Mining companies to disclose all agreements and contracts. Under the EITI framework, companies publish information on their payments to Government and the latter...