Local dentists warn public to beware of impersonators
November 8, 2018
Corruption: Cosase hands Lira CAO to CIID over Akii-Bua Stadium scandal
November 9, 2018
By George Mangula
The government of Uganda, which is developing oil deposits but has yet to begin production, will launch its next bidding round for oil exploration licences in May next year, a government official has said.
Uganda discovered 6.5 billion barrels worth of hydrocarbon deposits 12 years ago in the Albertine rift basin near its border with the Democratic Republic of Congo but production has been repeatedly delayed by disagreements with oil companies over field development strategy and tax disputes.
“We will have a road show first and then we will start the bidding round in May next year,” Ernest Rubondo, executive director of the Petroleum Authority of Uganda, told reporters in Johannesburg, South Africa, on the sidelines of the Africa Oil Week conference.
Total and China’s CNOOC are aiming to begin production in Uganda in about two years’ time.
Uganda is represented at the Africa Oil Week where bidding round from the Republic of Congo, a licensing round announcement from Madagascar and a country roadshow from Uganda, all were held.
Africa Oil Week is taking place at the Cape Town International Convention Centre in Cape Town, South Africa on the 5-9 November.
