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Government not ready to disclose oil sharing agreements

September 23, 2011
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Home Latest Uganda News

Government not ready to disclose oil sharing agreements

by Gerald Businge
September 23, 2011
in Latest Uganda News
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The attorney general, Peter Nyombi and the energy minister, Irene Muloni have insisted that the oil pacts are not for public consumption since they contain confidential clauses.

Addressing press conference today in Kampala, the attorney general, Peter Nyombi advised MPs to follow the correct procedures if they need to take a detailed look at the oil pacts between the government and exploration companies, Tullow and Heritage oil.

Nyombi also advises the public to go slow on the oil deal since the matter is before court but also reveals that local lawyers can not be allowed to execute their duties in international court which prompted the government to hire an international law firms to work together with the local based legal team in the case filed against the government by heritage oil.

But the energy minister, Irene Muloni insists that the pacts were presented before the 8th parliament and that parliament has copies of the agreements. She says at the appropriate time, the public will get to know what’s contained in the agreements of the oil resource they are about to benefit from.

Meanwhile, URA boss, Allen Kagina confirms that that the government will accrue a 30% of revenue (USD 1.45Bn) in the capital gains dispute case resulting from Heritage Oil sale of its assets to Tullow Oil Uganda.

She says the government has budgeted 11.9 billion shillings for senior international lawyers who will argue Uganda’s case, with each lawyer set to earn 747 US dollars per hour.

Tags: Heritage Oil and GasIrene MuloniMembers of ParliamentPeter NyombiTullow oil UgandaUganda oil industry
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