Uganda’s predominant natural resources are copper, cobalt, hydropower, limestone, salt, phosphate and oil. In 2009 energy companies discovered vast reserves of oil in the Albertine basin, which experts have estimated as holding at least 2 billion barrels of recoverable oil. Small scale production is planned to start in early 2012.
Sources: US State Gov
On 14 October 2011 the Ugandan Parliament passed a resolution imposing transparency measures in the oil sector and voted to temporarily suspend all oil deals. The executive has since been seeking to overturn the legislation. In response, PWYP Uganda and other civil society organisations applied for a court injunction to stop the government from engaging in oil transactions until the new law was established. The CSOs issued a press statement following a press conference on this question.
11 October 2011 PWYP Uganda issued a press release highlighting the areas of governance in the oil sector needing the urgent attention of parliament.
29 March 2011 Ugandan activists delivered a letter to Prime Minister David Cameron, calling on the UK Government to ‘end the resource curse’ by supporting greater transparency in the oil industry. The letter was organised by the Publish What You Pay Coalition and signed by over 200 civil society activists from Uganda.
8 March 2011