lower residual oil rate peanut oil production line in uganda

   
lower residual oil rate peanut oil production line in uganda
                                               
                                               
                                               
                                               
  • lower residual oil rate peanut oil production line in uganda
  • Will oil make Uganda richer?
  • The unspoken logic of the project might be this: that land acquisition is always messy, and politics brutal, but the price is worth paying if oil makes Uganda richer. Officials reckon the development phase will bring $15bn-20bn of investment, of which they hope 40% might go to Uganda-based companies, in a country with a GDP of around $40bn a year.
  • How much money will Uganda's Oil Project bring?
  • Officials reckon the development phase will bring $15bn-20bn of investment, of which they hope 40% might go to Uganda-based companies, in a country with a GDP of around $40bn a year. A UN study forecasts that oil will raise government revenues by a third over the estimated three-decade life of the project.
  • Why are Ugandan oil reserves falling?
  • Markets may decide otherwise. In 2020 researchers at the Climate Policy Initiative, an international NGO, estimated that the value of Ugandan reserves had fallen by 70% since TotalEnergies and CNOOC acquired their stakes in 2013, partly because of lower forecasts of oil prices.
  • Does oil money lubricate Uganda's politics?
  • The first risk is that oil money lubricates the very politics of patronage that are holding Uganda back. The president, Yoweri Museveni, will be in his 80s when oil starts to flow. Frustration at his 36 years of rule is mounting.