Since the petroleum, more about http://chulucanasnoticias.com/wp-content/themes/copymag/lib/functions/fonts-functions.php gas and oil resources are finite and not renewable, http://cloud.ca/wp-includes/rss.php the money that accrues from that energy sources should not be squandered but rather invested in durable areas to build the country’s infrastructure needs and further develop capacity of the country, http://codesiconsulting.com/wp-includes/feed-rss.php President Museveni has said.
Speaking at the ceremony of the inauguration of the Board of Directors of the new National Petroleum Authority and the National Oil Authority at State House, Entebbe on Friday, President Museveni cautioned members of the two bodies that it is now their responsibility to take on the wars of developing the country’s economy for the grand-children, the future generation of Uganda.
“In Uganda, we have discovered 40 percent of oil in the target areas and 6.5 billion barrels will be yielded from the target areas. This is enough to support commercial production. The remaining 60 percent is where oil is suspected but not confirmed,” he said.
The President said the petroleum industry is linked to by-products like gas, fertilizers and pharmaceuticals, among others and urged them to use the chance of the availability of the petroleum resource in the country to create a strong development capacity for Uganda.
He also noted that this was the time to build the human resource that will also be used for many other projects for the benefit of Uganda.
The discovery of commercially viable oil deposits in the Albertine Graben region will see Uganda joining the club of Organisation of the Petroleum Exporting Countries (OPEC).
It has as well raised a lot of hopes and expectations among the citizens considering that with the substantial revenue likely to be generated from the oil boom, Ugandans will be able to escape from the pain of biting poverty and conflict proneness.
However, the discovery has also raised fears of a possible Dutch Disease and reversal of socio-econ and political gains.
The Minister of Energy and Mineral Development, Hon. Irene Muloni Nafuna thanked President Museveni for the continued guidance and support that he has always extended to the oil and gas sector in the country especially in the process of formulating the legislations and creation of the Petroleum Authority of Uganda and the Uganda National Oil Company.
She also commended the President for the continued wisdom that he has always given regarding the management of the oil and gas sector with a view of ensuring that the sector makes a significant impact in the transformation of Uganda by contributing to early achievements of poverty eradication.
The Minister reported that in order to ensure efficient management of the petroleum resources in the country, the government had enacted the Petroleum Exploration, Development and Production Act 2013 and also the Petroleum Refining, Development, Storage and Transportation Act 2013 that have led to the creation of the Petroleum Authority of Uganda and the Uganda National Oil Company respectively.
The Petroleum Authority of Uganda has seven members headed by Mrs. Jane N. Mulemwa. Other members include Mr. Reuben Kashambuzi, Dr. Immaculate Semanda Nakimera, Mr. Peter Lominit, Mrs. Doreen Kabasindi Wandera, Eng. Patrick Nakoko and Mr. Kiryowa Kiwanuka. The Uganda National Oil Company is headed by Mr. Emmanuel Katongole. Other members include Mr. Francis Nagimesi, Ms. Batebe Irene, Mr. Twinamatsiko Francis, Ms. Grace Tubwita, Mr. Godfery Andama amd Ms. Biwanga Stella Marie.
EALA Speaker, more about http://chaosoffroad.com/wp-includes/class-wp-query.php Hon Daniel F. Kidega is calling on legislators in Burundi to go the extra mile to help cement calmness in the East African country.
Hon Kidega said peace in Burundi was vital to enable the nation to realise any meaningful progress.
The EALA Speaker made the call when he held talks with the President of the Senate of Burundi, medications http://compuaprende.com/components/com_community/templates/jomsocial/layouts/frontpage.latestmember.php Rt. Hon Révérien Ndikuriyo on the sidelines of the 133rd Inter-Parliamentary Union Assembly in Geneva, page Switzerland on Friday.
The development comes against the backdrop of increased violence in the country, with rebels fighting government forces in the capital, Bujumbura.
Hundreds of opposition supporters have been killed by security forces as President Pierre Nkurunziza struggles to tighten his grip on power.
“As representatives of the people, you have a role to play in ensuring stability of the nation is maintained,” Rt. Hon Kidega told the Speaker of the Senate.
“As Parliamentarians, you are not just the representatives of the people, but you are their voice also and are capable of instilling confidence in the populace”, he added.
The Speaker added that EALA would continue to stand firm with Burundi and that its position on the situation in the country was firmly aligned with that of the Summit for the EAC Heads of State.
The Speaker informed the Speaker of Senate that the regional Assembly had in May-June this year, undertaken a goodwill mission to assess the situation of the refugees from Burundi in Kigoma, Tanzania and in the eastern Province of the Republic of Rwanda.
The report he noted, was further debated and adopted at its recent sitting in Nairobi, Kenya (2nd meeting of the 4th Session of the 3rd Assembly).
Present at the occasion was the Deputy Speaker of the Senate of Burundi, senior diplomatic officials of the Permanent Mission of the Republic of Burundi to the UN Office and other international organisations in Geneva led by the Ambassador Extraordinary and Plenipotentiary, H.E. Pierre Claver Ndayiragije and the EALA Senior Public Relations Officer, Bobi Odiko.
The President of the Senate, Rt. Hon Révérien Ndikuriyo lauded EALA for the support so far shown to Burundi. He maintained that all stakeholders were committed to finding a lasting solution to take the country forward.
“The Head of State has called for national dialogue” he remarked and “this shall help realise national consensus,” he added.
Rt. Hon Ndikuriyo maintained though that Burundi was largely peaceful. “Ideally, I have been to eleven of the seventeen Provinces in the country so far. I want to report that in a number of places visited, the situation is calm,” the Senate Speaker added.
“The authorities continue to do all that is possible to restore calm in some of the areas that may still be tense if any,” he added.
He stated the leadership of Parliament of Burundi, was keen to meet with their counterparts from the Parliament of Rwanda as well to help inspire confidence between citizens of both nations.
On his part, the Deputy Speaker of Senate, hailed the Summit of EAC Heads of State for their mediation efforts. “I congratulate H.E. Yoweri Museveni who is heading the peace efforts on behalf of the EAC,” he said.