A Comparative Analysis of Uganda and Selected Jurisdictions in Oil and Gas Resource Governance and Fiscal Performance

Abstract

Oil production will generate significant additional revenues for Uganda. However, the emergence of a natural resource windfall is usually accompanied by several challenges. These challenges are mainly of a macroeconomic and governance in nature. According to this study, Uganda’s oil and gas governance is still poor despite the presence of legal framework for oil revenue administration which is in place. Transparency, accountability and corruption are still critical issues that need reform. The study further shows that Uganda has a lot to learn from other well-performing jurisdictions in oil and governance. The study recommends government to involve CBOs and NGOs in Oil and Gas governance so that oil and gas issues are handled at different levels. The study also recommends government to enforce technology transfer in all sectors of oil and gas industry. Lastly, the study recommend government to publish all annual audits conducted by reputable international firms, conventions and contracts regarding hydrocarbon exploration and production in Uganda.