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Youth urge government to train them for the oil sector instead of sidelining them

Communique by GPFOG calling on government to improve national content

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President Yoweri Museveni. Photo from Galaxy FM 100.2

Museveni urges private sector to train technicians for oil and gas sector

  The President hints on the possibility of hiring technicians from neighbouring countries, in case Ugandans are not ready.  Government will not hesitate to hire or import oil and gas technicians from neighbouring oil producing countries, in case Ugandans are not ready, President

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A nugget of gold obtained in Mubende using mercury. Photo by Josephine Nnabaale

Uganda works to phase out mercury usage

The maiden Conference of Parties to the Minamata Convention on Mercury took place in Geneva on September 24-29. The Convention is an international legal instrument or Treaty designed to protect human health and the environment from anthropogenic emissions and releases of mercury and mercury

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East-Africa-Crude-Oil-Pipeline-launch

East African Crude Oil Pipeline: The Inside Story

East African Crude Oil Pipeline: The Inside Story Details emerge of how the crude oil pipeline will be financed, managed  New details have emerged in the East African Crude Oil Pipeline (EACOP) regarding how it will be financed, run and managed. For starters, Uganda plans to construct a

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Jimmy Mugerwa

Tullow hopes to conclude a farm-down to Total and CNOOC next year

Total and CNOOC will each have 44.11 percent stake in Uganda’s Oil reserves Edward Ssekika Tullow Oil Uganda Limited, a subsidiary of expects to conclude a farm-down with Total E&P Uganda BV and CNOOC by June next year. According to a Trading Update, the company has already submitted

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Did you Know?

Dutch Disease

‘Dutch Disease’ refers to a situation where growth in income from natural resources damages other sectors of a country’s economy.  This happens because increased revenues from natural resource exports tend to increase the value of the exporting nation’s currency. That makes the country’s other exports, such as agricultural products and manufactured goods, more expensive and therefore less competitive in world markets.  The economy thus becomes over-reliant on the natural resources that it is exporting—and this can be particularly damaging if, for any reason, there is a drop in world price for those natural resources.

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