News / Africa

Uganda President Says Foreigners Sabotaging Oil Sector

Uganda President Yoweri Museveni (File Photo)Uganda President Yoweri Museveni (File Photo)
x
Uganda President Yoweri Museveni (File Photo)
Uganda President Yoweri Museveni (File Photo)
TEXT SIZE - +
Reuters
Uganda's President Yoweri Museveni, facing donor aid cuts over graft, on Thursday accused unnamed "foreign interests" of sabotaging the oil sector to prevent the country from attaining financial freedom.
 
Uganda struck commercial hydrocarbon deposits in the Albertine rift basin along its border with the Democratic Republic of Congo in 2006 and reserves are estimated at 3.5 billion barrels.
 
Parliament last week passed a law granting the president power to negotiate, grant and revoke oil licences without parliamentary oversight.
 
The vote should help clear the way for a new licensing round for exploration blocks, which has been held up by a standoff between parliament and ministers over this and two other pending oil bills.
 
However, it was criticised by Western oil transparency watchdogs and some legislators for giving too much power to the executive and potentially opening up avenues for corruption.
 
"Those who are desperately opposing this (law) are being financed by foreign interests who have a cause," Museveni told parliament in the east African country.
 
"The saboteurs working on behalf of foreign interests do not want our petroleum programme to succeed because it will lead to financial independence and financial muscle."
 
All major Western donors froze aid to the country of 33 million people after a report by the auditor general showed about $13 million in donor funds had been embezzled by officials in the prime minister's office.
 
The oil law is one of long-delayed three pieces of legislation aimed at guaranteeing transparency, providing a clear management structure and instituting environmental safety mechanisms in the oil sector.
 
Museveni said those opposed to his control of the oil sector were trying to use local agents to protect their interests after his government rejected what he called one of their "schemes".
 
"Recently one of the oil companies in their first field development plan proposed that they recover only 7 percent (crude)," he said, adding that the government had rejected the proposal.
 
He said a recovery rate of 7 percent was unacceptable because it was way below the industry's highest rate of 60 percent.
 
A senior Ministry of Energy official previously told Reuters the government was looking for a crude recovery rate of about 30 percent.
 
Total, Tullow Oil and China's Cnooc, the three leading oil explorers in the country, are awaiting government approval of their field development plans.
 
French oil major Total, which is one of the firms with assets in Uganda, says crude production is likely to commence in 2017 at the earliest.
 

You May Like

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face of American Farmer is Changingi
X
Mike Osborne
April 18, 2014
The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid