This is the first time Museveni is speaking about the companies since the collapse of deal where Tullow Oil was expected to sell part of its interests in the Albertine Graben to Total E&P and China National Offshore Oil Company (CNOOC).
Several commentators expressed concern that CNOOC Uganda did not outline how it planned to avoid or mitigate the effects of the oil Spill on Lake Albert, its catchment areas and other ecosystems.
Total E&P and CNOOC bought Tullow Oil's Uganda interest at $ 900 million (Shs 3.4 trillion), the money that is thought to have paid much of what Tullow had spent in Uganda. The government, however, says that oil companies should not…
The group led by the association's chairperson Dr Enoch Bigirwa and Buliisa MP Stephen Mukitale Birahwa said that the assessment was done without consulting the indigenous Bagungu community who are the right owners of the land.
GYAGENDA KABUUBI In about three years, Uganda expects to see the first drop of oil from its Albertine oil wells. This means that exploration companies progressing steadily towards the achievement of a final Investment which the…