The development follows the country’s admission to the Extractive Industries Transparency Initiative - EITI, a global partnership for mineral resources accountability and transparency.
On 12th August, Uganda as a prospective oil resource mining country was admitted into the EITI community, whose principles require member states and companies to make public disclosure about their mineral wealth management processes for accountability purposes.
Ernst Rubondo, the Executive Director of the Petroleum Authority of Uganda (PAU) said the companies that earned were in the areas of logistics and transport, civil works, consultancy, and catering among others. These companies employed 9,000 people both directly and induced, the government says.
Statistics available by Total E&P Uganda indicate that as of October 2018, more than 350 grievances since 2012 have been sorted with the involvement of various stakeholders including district leaders depending on the grievance.
The government has been banking on the Joint Venture Partners, Tullow, China National Offshore Oil Corporation-CNOOC and Total to make a Final Investment Decision with regard to the project, to unlock value in the countrys oil and gas sector.
The district has partnered with Maendeleo ya Jamii, a not-for-profit organization incorporated in Uganda and the United States of America, to advocate for its involvement and participation in key oil projects.
The youth are being trained in financial management, risk management, project management, sales and customer care service and managerial skills among others.
Gloria Sebikari, the Manager Corporate Affairs and Public Relations Officer Petroleum Authority of Uganda-PAU says the government together with the oil companies are undertaking a number of initiatives to ensure that Ugandans, including the fishing communities, are prepared to tap into the sector.
The leaders from the districts of Buliisa, Kikuube, Nwoya Hoima and Masindi say lack of enough training has forced the communities to misuse the compensation money.
The women are collectively calling for affirmative action to have them fully prepared and engaged to benefit from the oil discovery. They equally decry the high level of corruption that, according to them, has stifled opportunities for women.
Tullow Plc the parent company to Tullow Operations Uganda says the conclusion of the farm-down will contribute 200m to its expected 700 million cash flow by end of the year.
The scheme will give an opportunity to 600 youths from 13 districts to acquire knowledge and skills that will enable them compete favorably in the oil and Gas sector.
The Nod came during a tour of key projects in the Albertine Graben by a team of Ambassadors from the European Union currently in Hoima to assess developments on oil, the environment and sustainability.
The London Court order that Tullow, also operates in in Uganda as Tullow Uganda Operations Pty to pay Seadrill Ghana Operations Ltd. a contractual termination fee and other standby fees of estimated at 254 million in total.
Dr. Rwengabo, an expert in conflict processes, international security, Arms Control and International Relations says the threat of war has been diffused by diplomatic and bilateral arrangements over the last ten years.
The report draws on secret documents and first-hand testimony to detail the means by which one of South Sudans most significant economic institutions has been co-opted to serve the personal aims of President Salva Kiir.
he head of the International Energy Agency IEA, Dr. Fatih Birol, says the weak global investment picture in the oil and gas sector remains a source of concern. Birol in a statement on Monday said more investment in global oil and gas exploration and production is crucial to ensure future supplies are able to meet growing demand.
Museveni says Ugandans in private sector or even foreigners, should rise up to the occasion and establish technical schools to train much-needed personnel for the oil and gas sector. He was speaking at the Skilling and Local Content Forum in Kampala this evening.
Jim Walton, the Director for Local Content and Corporate Strategy at Flour, a California, US-based company with interests in engineering, fabrication, construction and maintenance services, says for local content to be successful, there must not only be strong teamwork between different stakeholders but also tradeoffs in order to strike a balance.
Several ministers including that of Finance Matia Kasaijja have been meeting in Buliisa district to convince locals there to accept government compensation rates for land where the Central Processing Facility CPF is to be constructed.
Leaders in Hoima district say that SBI is already clearing the proposed site with workers ferried from elsewhere other than Buseruka Sub County, where the airport is located.
