Uganda And Norway Sign New Oil Deal

Uganda government and that of Norway have signed an agreement that will strengthen the management of oil and gas in Uganda.

The agreement was signed at the Ministry of Finance and Economic Development Head Offices in Kampala by Uganda’s Minister of Finance Matia Kasaija and the Norwegian Ambassador to Uganda, Susan Eckey.

The Oil for Development Programme is designed to assist developing countries to manage their petroleum resources in a sustainable manner and to target poverty reduction through managing petroleum responsibly, economically, environmentally, and socially.

Kasaija commended the Government of Norway for supporting Uganda in Building its capacity to manage it carbon resources that are about to be exploited in the few coming years. “We are committed to follow the principles that the program intends to offer,” said Kasaija. 

The signing marked the beginning of the programme’s third phase, running from 2018 to 2022. Norway and Uganda have been committed to this programme since 2009.

Eckey said the Oil for Development Programme remains a key priority of Norway’s engagement with Uganda, as part of their strategic goals for promoting sustainable management of natural resources and good governance.

Norway has agreements with several other countries in the Oil for Development programme, such as Ghana, Angola, Mozambique, South Sudan and Kenya.

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