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By Solomon Asowata Lagos, Feb. 22, 2022 Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), has called for the
The East African
Monday December 21 2020
Uganda’s oil project has been in the making since 2006; and two years later, a barrel was selling at over $145.
Summary
In an interview mid this year, President Yoweri Museveni admitted government spent ‘so much time’ in endless disputes and negotiations with investors, resulting in delays.
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Even as Uganda waits for the final investment decision for its oil project expected this month, years of indecision by government have cost the country and major investors billions of dollars over the past decade, based on the current price of oil.
By press time, the indecision continued as Ministry of Energy had not received any signal that Total would submit Final Investment Decision proposals, as scheduled, Permanent Secretary Robert Kasande said.