VANILLA BEANS  SOYBEAN OIL  SOYA CAKE   |  COCOA BEANS   |  COFFEE BEANS


East African Community to formulate uniform oil and gas policy

Wednesday, 17th August, 2011

An oil and gas policy that is binding to all the East African Community (EAC) member states is in the offing, a top official said yesterday.

Dr Caleb Nyamajeje, the director of production in the EAC, told journalists in Arusha, that for Uganda’s oil resources to benefit the regional bloc, a uniform oil and gas policy that supersedes Uganda’s oil law will have to be in place. All laws and policies passed at the EAC level automatically take precedence over national laws passed in the member states.

“We already have experts working on a joint EAC oil and gas policy. They will come up with a document soon.

“We are in joint efforts to fasttrack the development of Uganda’s oil resources. We expect Uganda’s oil to benefit the whole region in the spirit of the East African Community,” Nyamajeje said.

He pointed out that the EC members states will buy Uganda’s oil first before looking elsewhere.

By Joe Nam : The New Vision Newspaper

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .





Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.