Natural Sciences

Permanent URI for this collection

Now showing 1 - 1 of 1

Crafting an Oil Revenue-Sharing Mechanism for Uganda
(Advocates Coalition for Development and Environment ACODE, 2009) Muhwezi, Wilson Winstons; Bainomugisha, Arthur; Ratemo, Fred; Wainnier, Greg
The discovery of commercial oil deposits in Uganda makes the country strategically important not only in the Great Lakes Region but also in international affairs. As one of the leading oil producers, Uganda will be expected to join the Organization of the Petroleum Exporting Countries (OPEC) which would makes it a key player in international politics. OPEC members include; Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.2 As Uganda prepares to start drilling and refining petroleum, one looming question is how the country will manage oil revenues and the challenges associated with oil-producing countries in a manner that promotes equity, sustainable development and political stability.