"If any or all the risks materialize, there may be additional pressures on public finances, which might prompt additional borrowing and a consequent rise in public debt, or budget cuts and reallocations," says Kasaija
On Tuesday, The Appellate Division of the East African Court of Justice (EACJ) accepted the appeal and asked the activists to file written submissions by March 22, 2024.
It is said that about 532 million tonnes of rare earth elements have been identified in an area stretching a distance of 40-kilometres from the Igombe and Makuutu in Bugweri, Nakigo and Bulamagi in Iganga district and Imanyiro and Buwaaya sub-counties in Mayuge district. This area has almost 5000 households.
The National Agricultural Management Authority-NEMA has snubbed a petition by civil societies under Civil Society Coalition on Oil and Gas-CSCO which requested the environment body not to approve the east African oil pipeline environment and social impact assessment report.
The idea is that all the final investment decisions for the pipeline, refinery and general developments should have been concluded by end of June for first oil 2021/2022.
Patrick Ochieng, a Senior Estates Officer at Oil Palm Uganda Limited told Uganda Radio Network that Rao threw in the towel because he couldnt survive the audit since he approved the fake transactions by Naidhu.
Recently, a number of refinery affected persons petitioned the Speaker of parliament, Rebecca Kadaga through Mubende Banyoro United Association for compensation. They want government to value their land and compensate them as title holders as opposed to being Bibanja land holders or squatters.
Tanzania has 57 trillion cubic feet tcf of undeveloped and proven natural gas reserves that can be turned in liquefied natural gas LNG.It is emerging that resource can be used by Uganda to enable flow of the crude oil from Hoima to Tanga and as well be used to develop Ugandas iron ore.
Several Members of Parliament have raised concerns over supposed transportation of over 45,000 barrels of crude oil from the Albertine region by Oil companies. Last week, the Dokolo District Woman MP Cecilia Ogwal said there were trucks from the oil-rich region that would leave in the night, and that there was suspicion that crude oil was being carried.
The function in Hoima was a follow up to the earlier foundation stone laid President Museveni and his Tanzania counterpart at Luzinga in Rakai district.
Petroleum Authority Executive Director, Dr. Earnest Rubondo, says the law requires that only companies and professionals registered to the National Supplier Database are eligible to supply goods and services to the oil and gas sector. The Authority at the beginning of July listed of over 440 firms to the National Supplier database for 2017. Rubondo says the registration for the 2018 database opens on 1st September 2017.
The two financial institutions are expected to help government of Uganda to raise over 12.6 trillion Shillings 3.55 Billion required for financing the 1,445km pipeline by the second half of next year. The pipeline will connect Hoima oilfields to the port of Tanga in Tanzania.
Global oil demand growth for the first quarters of 2016 was revised upwards to 1.4 million barrels per day, led higher by strong gains in India, China and, more surprisingly, Russia. For the year as a whole, growth will be around 1.2 million barrels a day with demand reaching 95.9 million barrels a day.
The government of Kenya has announced plans to replace its aging oil pipeline. Two years ago, the Mombasa-Nairobi oil pipeline was at the centre of wide publicity when an oil spill caused an explosion at the densely populated Sinai slum killing over 70 people and injuring several others.
