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Uganda will soon be exporting oil: an energy economist outlines 3 keys to success

Uganda will soon be exporting oil: an energy economist outlines 3 keys to success

UGANDA entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%. Through Uganda National Oil Company, the government owns the remaining 15%. MICAH LUCY ABIGABA, Energy Economics Lecturer, Makerere University Production is due to start in 2025. As part of the production sharing agreement, the production licences are valid for 25 years upon extracting the first oil. To secure the best possible outcome for Uganda, the government needs to focus on three issues: the production sharing agreement,…
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