A new airport will be built in Hoima to facilitate movement of labour and transportation of logistics in the oil-rich western region of Uganda.
With hundreds of expatriates expected to flock in ahead of the commercial production of oil, information pills http://damadetrefla.com/wp-includes/class-wp-http-streams.php government is keen on easing their transport.
The Finance Minister, information pills Matia Kasaija, viagra 60mg said Thursday that in the financial year 2015/16, Government intends to “fast track infrastructure development for the commercialization of oil, including the development of an airport near the Oil Refinery project site at Hoima.”
The legal framework for the management of Oil and Gas Resources was recently finalised with the enactment of the Petroleum (refining, gas conversion, transmission and midstream storage) Act 2013, the Petroleum (Exploration, Development and Production) Act 2013 and the Public Finance Management Act 2015.
Kasaija said the relevant institutions, including the establishment of the National Oil Company and the Petroleum Authority of Uganda, are also being finalized to ensure prudent management of the Oil and Gas resources.
According to Energy and Mineral Development Minister, Irene Muloni, Uganda has an estimated 6.5 billion barrels of petroleum resources from exploration work in less than 40 percent in the Albertine Graben.
However, less than 10 percent of the Albertine Graben is currently licensed and the six blocks targeted for this maiden licensing round have good data coverage.
Oil investors recently expressed their frustration with government’s failure to expedite the licensing of companies and production of oil.
Uganda Chamber of Mines and Petroleum, (UCMP) chairman, Elly Karuhanga last week said whereas news on the awarding of a refinery contract to RT Global Resources was very exciting, “Government should apply similar decisiveness on the other lacunas in the oil and gas and mining industries, especially the issue concerning the issuance of Production Licenses to the Total E&P and Tullow Plc and the scrapping of taxation on exploration projects.”
Central Bank Governor Tumusiime Mutebile also weighed in on the delays in the oil industry, saying the uncertainties surrounding the future oil prices was a point of concern to the Central Bank – the monetary policy regulator, – Ministry of Finance, and every Ugandan that has high hopes for the big Oil revenues.
“One of our [BoU] forecasters, whom we depend on, had in March 2013 estimated that oil prices would be at $148 a barrel in 2019. But the same forecaster has currently revised his forecast down to $81 for the year 2019,” said the Governor.
Mutebile warned that once this uncertainty continues, foreign companies in the sector were likely to hold back their investments and that that would have serious effects on the country’s anticipated oil production.
“Now we don’t know where the oil process will be in the next 10 years, and this is not good. It involves risks that cannot be quantified.”
But Kasaija today said as part of the Refinery development programme, land acquisition for the proposed Oil Refinery at Kabaale in Hoima is almost complete and that the environmental baseline study for the Oil Refinery project has also been concluded.
“The major priority next financial year will be commencement of detailed engineering studies for the Oil Refinery, following the selection of a Lead Investor on a Private-Public Partnership (PPP) basis,” observed Kasaija.
“Government will also continue the exploration and production of oil and other valuable minerals such as Iron Ore and Phosphates, and also concretize the development of the Crude Oil Pipeline to the Indian Ocean and petroleum products pipelines,” he added.
Early this year, Muloni said Government had “undertaken resource and risk assessment of the areas proposed for licensing, developed a data room and is making available data packages to prospective investors in preparation for this licensing round.”
Uganda’s first licensing round is guided by the National Oil and Gas Policy for Uganda (2008) and the Petroleum (Exploration, Development and Production) Act 2013.
Buganda Road Court Chief Magistrate Lilian Buchana has remanded to Luzira Prison, visit this http://coachesacrosscontinents.org/wp-includes/class-wp-http-ixr-client.php Robert Shaka, pharm http://chaudharylaw.com/wp-admin/includes/theme.php 39, for allegedly violating the right to privacy of President Yoweri Museveni.
Shaka, a resident of Kiwatule Kutaano, in Kiira Division, was on Monday arrested by police and detained at Special Investigations Unit (SIU) headquarters in Kireka, Kampala.
Appearing before Buganda Road Court on Thursday afternoon, Shaka denied the charge of offensive communication which the state said he “wilfully and repeatedly committed between 2011 and 2015.”
Prosecution further submitted that Shaka, “an Information Technology specialist disguised as Tom Voltaire Okwalinga, with the help of a computer and with no purpose of legitimate communication unlawfully posted on social media (Facebook) statements regarding the health condition of president Museveni.”
Shaka’s lawyers led by Nicholas Opiyo had secured an order from Nakawa Magistrate’s court instructing police to unconditionally release his client from detention where he had spent over 48 hours.
However, police drove Shaka to Buganda Road Court for charging.
Shaka pleaded “not guilty” before his lawyers filed an application, emphasising his constitutional entitlement to bail and the presence of substantial sureties.
Defense lawyers also demanded that prosecution discloses all the information and evidence which the state will rely on while prosecuting the case.
“We seek to be availed with documentary evidence to help the accused understand the charges he is facing and to know how he disturbed the privacy of president Museveni,” said defense lawyer Isaac Ssemakadde.
State prosecutor Emily Ninsiima informed court that the defense “can now use the particulars of the charge sheet since it is well detailed” but objected to the bail application on grounds that one of Shaka’s sureties presented identification documents with different names.
Magistrate Buchana remanded Shaka until Monday next week when she will consider his bail application after prosecution has scrutinized particulars of his four sureties.