Reports of a deal between Tullow Oil and the Ugandan government suggest that for every ten barrels found by Tullow, the government gets eight. This would represent a huge windfall for the landlocked East African country, where annual gross domestic product is estimated at $14.53 billion.Hopefully this turns out well, but there is reason to be cautious.
If a suitable pipeline to the coast in Kenya or Tanzania can be built, the nation could could become a significant oil exporter.
A strategy consultant tries to piece together, bit by bit, how humankind has used natural resources and how we might and should use them in the future. Some scope creep is inevitable.
Oil find in Uganda
Western oil company Tullow strikes black gold in Uganda, and it looks like the government managed to strike a pretty good deal:
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