Mar 26, 2014
Uganda needs $8-12 billion for oil production – Tullow Oil
Uganda needs $8-12 billion for oil production – Tullow Oil
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Uganda will require fiscal terms that offer the right incentives to invest capital and take up front risks if it is to realize the vast amounts of capital needed to develop the country’s oil resources.
This is according to Tullow Oil Uganda managing director Jimmy Mugwera who says Uganda stands to benefit from revenues worth $50 billion in the coming years under an agreement…
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