Irene Muloni, the Minister of Energy and Mineral Development expressed optimism that the pipeline will be done by 2020
Ministers appeared before the committee on natural resources to update it on the developments in the oil and gas sector
MPs are probing the sh6b that was given to some government officials after winning the oil case.
Analysis of business environment and fiscal regime are critical in building confidence among the investors.
Oil prices are usually unstable due to the forces of demand and supply on the international market
The Joint Venture Partners have expressed their gratefulness to the Government of Uganda for the approvals
The price of commodities also fell, with the price of oil dropping 3.9% to USD50 per barrel.
Chevron is one of the largest corporations globally according to the Fortune 500 listings
The losses were in line with a sell-off on equities markets from Asia to the Americas fuelled by worries about the state of the global economy.
Government has not complied with the Extractive Industry Transparency Initiative
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