Daily Monitor
Thursday February 04 2021
The containers of crude oil at the test drilling site of CNOOC in Bunyoro Sub-region on January 24, 2020. CSOs claim the secrecy in the oil and gas sector is fueling corruption. PHOTO | FILE
Summary
According to the CSOs, failure to avail the details of production sharing and double taxation agreements also bar the public from scrutinising the management of the sector.
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Civil society organisations (CSOs) and other stakeholders have expressed concern over what they describe as government’s continued secrecy in the oil and gas sector, saying it fuels grand systemic corruption and tax evasion.
According to the CSOs, failure to avail the details of production sharing and double taxation agreements also bar the public from scrutinising the management of the sector.
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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.