By Joseph Elunya
Uganda’s oil and gas sector scores 44 of 100 in the 2017 Resource Governance Index (RGI), placing it 51st among 89 assessments in the index. This result is worsened by governance gaps in the extractive sector components and improved slightly by the enabling environment.
Uganda has proven oil reserves of under two billion barrels, which attracted interest in exploration during the commodity boom of the last decade.
However, early years of exploitation have been marked by uncertainties related to investment conditions and infrastructure development with neighboring countries, and resistance by local communities.
Reforms are under way, aiming to address the poor or failing performance of the oil and gas sector’s licensing regime, state-owned enterprise (SOE) and revenue management, so that Uganda can create better governance conditions before it begins larger scale oil production
More details of the report can be obtained from www.resourcegovernanceindex.org.
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