Uganda’s hard line stance on the stabilization clauses, which, we revealed, may prove to have been a winning negotiation formula. When President Yoweri Museveni’s directive for the oil companies to lift the stabilization clauses set back the Tullow farm-down it also forced a re-negotiation. Now sources tell me a couple of new situations have emerged.
The company at the center of bribery claims says they have been the result of consistent attempts to undermine and discredit its standing and assets in Uganda. The claims are in a letter to the Speaker of the House ( see below). We suggested as much in our previous post here. The most plausible explanation
Yesterday’s Hot Seat show was interesting. It featured Hon. Abdu Katuntu, the lead petitioner, who together with Theodore Ssekikubo have gathered enough signatures for a historic recall of Parliament. Also visiting the Hot Seat for a rare sitting was Dr James Akampumuza. The law don had earlier written an insightful piece in the Observer newspaper
Our Freedom of Information case hit a snag ( technical delay) before Justice Faith Mwondha today. She adjourned it to mid October ( the first part of the month tends to be swallowed by Independence Day this and that). I had not seen the Judge in a while being that we were publicly “estranged” during
As many journalists reported Tullow Uganda’s appointment of a national as its chief operating officer (thus going a step further in Ugandanizing its operations), a story run in the BBC that this innovative wild cat with ambitions of becoming the next British Petroleum had launched a “Invest in Africa” drive. This sponsorship was not promoted
Tullow has said it will pay capital gains tax signaling that it is aligning its position with that of the Ugandan government as a row over money its ex-partner Heritage owes the treasury imposes a dangerous delay on its plans in Uganda. Speaking to the financial press in Europe Tullow founder and CEO Aidan Heavey
Tullow Oil, one of the two main companies exploring oil in Ugandaannounced last week yet another promising find- likely to support its arguments that Uganda should postpone its early production scheme [EPS] and focus on a large plant in the future. The company and government have shelved plans for producing light and heavy diesel as
Uganda and Kenya, one country landlocked and the other with a coastline have taken separate paths dealing with the current fuel crisis, exacerbated in both countries by what have been exposed to be fuel cartels engaging in the creation of artificial shortages in order to further drive pump prices up. The situation is full of