The current phase of oil exploration in Uganda offers a unique opportunity to alleviate poverty and create broad-based development and improved standards of living across the country. A strong and functioning legislative framework for managing the different aspects of the oil resource is essential to ensuring positive outcomes, as are strong and effective government institutions; an environment that requires transparent disclosure of payments and receipts from oil revenues; existence of independent and effective law-enforcement agencies to deal with transgressions; and committed policy implementers. The role of parliamentarians in scrutinising the sector is in turn equally critical. This guide sets out the main provisions of the proposed framework, and how these differ from existing provisions. The guide will serve as a helpful tool for legislators, as they take up their task of developing Uganda’s regulatory framework for its nascent oil industry.
- Date:May 2011