The index by Natural Resources Governance Institute (NRGI) rated Uganda's Mining Sector as slightly better governed than oil though still in "weak" category.
It finds that like the hydrocarbons sector , licensing and local impacts are a problem.
“With the effective date named as 25th May, 2021 we embarked on our 43-month journey towards first oil. This schedule has been challenged several times before, but I’m glad to mention that with the schedule we have, there no point of turning back” said Kwizera
A Ugandan source in attendance told URN that the negotiations could go on until Sunday afternoon as the two sides held cards on their chests vouching for how best their countries could benefit from the pipeline project. The pipeline will evacuate Uganda’s oil from the Albertine to the external market.
While Total E&P Uganda B.V. announced that it is has relinquished 9% of the area it had been permitted to develop in the ecologically sensitive area of the Murchison Falls National Park for environmental reasons, the Afiego Chief insists the process and term for relinquishment has not been transparent.
Petroleum Authority Executive Director, Earnest Rubondo said the first five years have been characterized by building the institution while on the same time regulating the country’s oil and gas assets.
The transaction is conditional upon the approval of the company’s shareholders who will meet on July 15. The process of approval according to the rules, requires a simple majority shareholding approval. They are expected to vote and approve the deal before the sale can be concluded in Uganda.
Rubondo like other players insists that Final Investment Decision is simply an event adding that what is a key is for those planning to participate is to make adequate preparations as well as participate in ongoing works.
In the suit, a group of Civil Society Organizations dragged the two authorities to the Civil Division of the High Court in May this year seeking judicial review of the procedures they used in conducting public hearings of the Tilenga Project Environment and Social Impact Assessment (EIA) Report. They want NEMA report approving the project cancelled for violation of environmental and human rights.
The Irish company which also owns Tullow Operations Uganda in a statement hinted on the slow progress towards resolving Capital Gains tax dispute on the USD 900 million farm down to Total and CNOOC Uganda Limited.