Geologist Ernest Rubondo has been appointed the first Executive Director of the Petroleum Authority of Uganda (PAU), viagra 60mg http://chopcult.com/wp-content/plugins/revslider/include/js/images/secure.php Chimp Corps exclusively report.
Ministry of Energy and Mineral Development Permanent Secretary, Kabagambe Kaliisa, is expected to make the official announcement later this week.
“It’s a done deal. Rubondo will be unveiled this week to head this important docket as Uganda prepares for oil production by 2020,” said a high ranking official at the ministry.
This website understands the appointment follows a recommendation by the Board of Directors of PAU, ending the search for the much coveted post which started this January.
The function of PAU is to monitor and regulate exploration, development and production of petroleum in Uganda.
These roles have previously been carried out the Energy Ministry but will hitherto be taken over by the authority.
In his budget speech, President Museveni said Uganda would ‘start pumping out our oil’ in 2020.
“By 2020, we shall start pumping out our oil. Even at the low price of US$50 per barrel, if we shall be pumping 30,000 barrels per day for the refinery and 170,000 barrels per day for the pipeline and the total will be 200,000 barrels per day that will give us an additional income of US$3 billions per year,” said Museveni.
The construction of the oil pipeline from Hoima to Tanga Port in Tanzania is expected to commence late this year while government is finalizing negotiations with a group of companies led by SK Engineering & Construction Co. of South Korea to build an oil refinery.
Uganda boasts a staggering 6.5 billion barrels of proven oil reserves awaiting extraction in the Albertine Graben.
Rubondo has a vast experience in the budding oil sector.
He holds a Master of Science degree on Petroleum Reservoir Geology from the Imperial College of Science, Technology and Medicine in UK.
Rubondo worked with the Petroleum Exploration and Production Department under the Energy Ministry since its inception in 1991 before leading the body in 2009.
He also was a key participant in the promotion of Uganda’s petroleum potential, negotiating the country’s production sharing agreements and monitoring the work of licensed oil companies.
Rubondo further played key roles in negotiating the commercialization avenues for the country’s crude oil and was heavily involved in the formulation of the country’s legal and regulatory framework including the National Oil and Policy and the recently enacted petroleum industry legislaton for Uganda.
Rubondo, who starts work on September 1, 2016, is expected to prepare the country for the oil production phase.
Kabagambe is expected to express his confidence that Rubondo’s “experience and leadership will be a great resource to the efficient start-up and operationalisation of the Petroleum Authority of Uganda.”