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Include locals in oil contracts

Daily Monitor Tuesday March 02 2021 An oil well in Western Uganda. Intending bidders must therefore have in place elaborate national or local content plans. PHOTO | FILE Summary FID expected soon. FID is expected in the first half of 2021 or sooner. The oil companies will then embark on investing in the requisite infrastructure for crude oil production. Up to $20 billion is projected to be incurred on building the crude oil gathering and production facilities, refinery and crude oil pipeline. Oil companies are presently evaluating or reviewing proposals from potential contractors that will supply inputs and services to the project activities. Advertisement Almost every person has entered into a contract in their daily lives. For example, in buying groceries from a supermarket, the parties agree to swap provisions with money. It is important for the parties to a contractual relationship to understand their rights and obligations.

Mongolia: Petro Matad announces Block XX operational update

Mongolia: Petro Matad announces Block XX operational update 01 Mar 2021 Covid-19 situation in Mongolia Mongolia had effectively contained the COVID-19 virus in country until November 2020. Since then the number of cases in the community led to the imposition of tight restrictions and to date there have been three lockdowns. The total number of cases in Mongolia is approaching 3,000 and since the start of the year Ulaanbaatar has been on a high alert level with business operations restricted and government agencies working on a rotational basis. A full lockdown was established for 12 days over the Lunar New Year holiday period ending on 23 February. During the lockdown the government carried out mass testing of the population with 500,000 people in the city of 1.5 million tested. A vaccination programme has now begun with the goal to complete vaccination of 60% of the country s population by the third quarter of 2021. The government has introduced a $3.5 billion comprehensive plan

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