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22 Jan 2016

Edward Ssekika, in Oil in Uganda

Uganda: How presidential candidates would manage oil & minerals if elected

"How presidential candidates plan to manage oil and mining resources"

A review of the different manifestos of presidential candidates reveals that many of them  want greater transparency and accountability in the management of oil and gas resources...Uganda has so far discovered 6.5 billion barrels of oil and 500 million cubic feet of natural gas in the Albertine rift. In addition, the country has huge deposits of iron ore and copper mainly in the West, phosphates, limestone and gold in the East and prospects of uranium and rare earths in several parts of the country...

Dr. Kizza Besigye commits to ensuring transparency in the collection, management and utilization of revenues from oil, minerals and other natural resources...Uganda will also participate in the major transparency and accountability initiatives such as the Extractives Industries Transparency Initiative (EITI) and the Open Government Partnerships,” the manifesto reads in part...rof. Venansius Baryamureeba says that once elected, his government will ensure transparency and accountability in the sector. “My government will ensure that oil revenue is anchored on the principles of “Publish What You Pay”...

....Patrick Amama...[Mbabazi's manifesto says] communities affected by the land acquisition for the refinery in Hoima will continue to be compensated for loss of economic activities and livelihoods on top of being paid the land rates at the prevailing market prices,”..Dr. Abed Bwanika of the People’s Development Party (PDP) says his government will share oil proceeds with the oil producing regions. “We want to ensure that 30 percent of the oil should stay in the region where it is produced so that the people can benefit from this resource,”