PRESIDENT MUSEVENI IN A SERIES OF MEETINGS WITH TULLOW OIL AND OTHER POTENTIAL CHINESE INVESTORS TO THE OIL PRODUCTION IN WESTERN UGANDA.
PRESIDENT Yoweri Kaguta on Monday this week met for the second time with a delegation from Tullow Oil Company, which is a major player in prospecting for oil in Western Uganda.
The Tullow delegation was led by Mr Paul McDade, its Chief Operations Officer, and Mr.Elly Karuhanga, the president of Tullow Oil in Uganda. The meeting took place at the State House Entebbe.
The government owned NEWVISION newspaper reported this morning, quoting a statement from State House, which says among other things that Tullow Oil delegation was later joined at the meeting by another delegation from the Chinese state-owned oil company CNOOC, which has expressed interest in joining Uganda oil and gas sector by partnering with Tullow.
Museveni, according to the communiqué issued by State House after the meeting, had told the two sets of delegations that the government would discuss all the proposals by the interested companies operating in the oil and gas sector, adding that Uganda looks forward to welcoming new companies.
“The government will reach a decision in the coming weeks on the current process of pre-emption that will respect the contractual rights of the existing companies”, the State House statement said in part.
In a separate statement issued to the press, Mr McDade expressed satisfaction with the government’s position. “It means more investors in Uganda can continue to have confidence in the sanctity of contracts”.
McDade said his company has welcomed the openness the President had shown to the new entrants in the oil industry, such as the CNOOC, “who will require to work with Tullow as we enter the next phase of the development of oil industry in the country” added Mr. MCDade.
The Monday meeting was the second time in three days the President has met officials of Tullow. On Friday last week, Museveni met Tullow Chief Executive Officer {CEO}, Mr Aidan Heavyon on a series of discussions.
These are clear indications of the business seriousness with which the Ugandan government has attached to the emerging oil industry in the country.
Ends
leooderaomolo@yahoo.com
MOI HONORED FOR HELPING OVERTHROW THE ELECTED GOVERNMENT OF UGANDA
Kenya’s Ex-President Daniel Totroitich arap Moi was yesterday honored by President Yoweri Kaguta Museveni of Uganda for his contribution to Uganda’s liberation. Ugandan president must have sincerely appreciated Moi’s contribution in the overthrow of the elected government of Uganda.
The significance of the Malubale Award to Moi might or might not spell doom to Kenya’s dream for political changes. I may be dreaming aloud but that is my democratic right to do.
MOI AND MALUBALE AWARD 26TH JANUARY 2010-THE STANDARD 26TH JANUARY 2010
It is only recently that Minister William Ruto dismissed his security detail just minutes before he entered Ugandan territory and soon thereafter he has reduced the distance between him and Uhuru Kenyatta while that between him and Raila Amolo Odinga seems to be heading for infinity. This is happening just at a time that Eugine Wamalwa has become a darling of Jimmy Kibaki to such an extent that he could be ”dreamed by GEMA” into the State House at the whims of the son of the Chief CEO.
2 plus 2 might mean that, well, the Uhuru Project is still on. Moi has indeed been honored by Yoweri Kaguta Museveni for having helped in killing democracy in Uganda leading to the millions of Nilotes of that country living in military camps for the last 20 years.
The Kenyan Cabinet resolves to preserve Mau Forest with Ruto in the same Cabinet but when Raila Amolo Odinga goes ahead to implement the decision Ruto blames Raila Amolo Odinga but not the Cabinet.
Are we heading for more trouble Mr X-President?
DR ODIDA OKUTHE