Indecision, hard ball tactics blow to Uganda's oil dream
The East African Monday December 21 2020 Uganda’s oil project has been in the making since 2006; and two years later, a barrel was selling at over $145. Summary In an interview mid this year, President Yoweri Museveni admitted government spent ‘so much time’ in endless disputes and negotiations with investors, resulting in delays. Advertisement Even as Uganda waits for the final investment decision for its oil project expected this month, years of indecision by government have cost the country and major investors billions of dollars over the past decade, based on the current price of o...
Source: theeastafrican.co.ke