If the announcement of oil production licenses, to the most credible consortium likely to commercialize Uganda’s oil find, had arrived two or three- or even five years ago, the accompanying euphoria could have served as the desperate morale boost that the government currently needs. Instead this significant announcement made this week passed with little fanfare.
Details of the Memorandum of Understanding [MoU] between the Uganda government and international oil companies to begin production will be revealed later today. A signing ceremony took place at State House Entebbe last evening [February]. Both government officials and the industry had signaled that signing would take place on Wednesday after ‘major issues’ had been