Prof Suruma said 50 percent of the net revenue from oil can be placed at the disposal of the people through Uganda Petroleum oil Fund to make oil a blessing to Uganda and achieve prosperity for all
About 73 percent of the companies, equivalent to 460 out of 624 involved in supplying the sector have been Ugandan according to Petroleum Authority of Uganda.
The Extrication of Black Gold: A Journey through Oil Extraction in Africa – The New Statesman :: Ghana Oldest Mainstream Newspaper since 1949 thestatesmanonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestatesmanonline.com Daily Mail and Mail on Sunday newspapers.
Uganda is on track to start oil production within the next two years, a venture that promises to add an average of US$6.28 billion annually to the nation’s GDP from the oil and gas sector.