{"id":854,"date":"2012-11-16T09:06:31","date_gmt":"2012-11-16T09:06:31","guid":{"rendered":"http:\/\/fortuneofafrica.com\/ug\/gas-reserves\/"},"modified":"2012-11-16T09:06:31","modified_gmt":"2012-11-16T09:06:31","slug":"gas-reserves","status":"publish","type":"page","link":"https:\/\/afrifacto.com\/ug\/gas-reserves\/","title":{"rendered":"Gas Reserves"},"content":{"rendered":"<p><strong>Gas reserves<\/strong><br \/>\nUganda has 12 billion standard cubic feet (339 million cubic meters) of natural gas reserves in its Albertine\u00a0 Graben region<br \/>\nImpact of Oil on the Environment and other sectors<\/p>\n<p>Over 50% of birds, 39% of mammals, 19% of amphibians, and 14% of reptiles and plants found in mainland Africa have their home in the\u00a0 Rift Valley. The process of oil exploration in this area if not done under proper control could causes harm to the wildlife. The exploration process could\u00a0 displace the wildlife heritage.Uganda as a country stands to improve its economy using oil and gas revenue although, the country\u2019s tourism and environment sectors could pay an expensive price<\/p>\n<p><strong>Trade in Oil<\/strong><br \/>\nIt is an established sector practice that crude oil is exported unprocessed and processing is done as near as possible to the consumers. This is mainly so because it is easier and safer to transport crude oil as opposed to processed products,<\/p>\n<p>Uganda\u2019s proposed approach of processing crude oil next to the drilling areas appears to go against the general sector practice.<\/p>\n<p><strong>Government\u2019s plan for revenue sharing<\/strong><br \/>\nPart of the royalty from the sale will go to central government and part to local government, the details of which will be covered in the Revenue sharing legislation which is currently being drafted by Ministry of Finance Planning and Economic Development.<\/p>\n<p>Revenue accruing from the country\u2019s petroleum resources will be used for the provision of services and development of infrastructure which will benefit current and future generations of Ugandans.<\/p>\n<p><strong>Agreements between government and the oil companies<\/strong><br \/>\nAccess to information on oil is limited in order to safeguard the interests of Government and the companies.\u00a0 Documents such as PSAs are kept confidential to avoid malicious intentions of certain groups that may use the information for their own gain against the country\u2019s interests.\u00a0 The PSAs Government signed have all been tabled before Parliament.<\/p>\n<p>The PSAs have sensitive financial information that may harm a companies\u2019 financial status and thus need to be handled in a responsible manner.\u00a0 PSAs all over the world are confidential in order to maintain competitiveness.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gas reserves Uganda has 12 billion standard cubic feet (339 million cubic meters) of natural gas reserves in its Albertine\u00a0 Graben region Impact of Oil on the Environment and other sectors Over 50% of birds, 39% of mammals, 19% of amphibians, and 14% of reptiles and plants found in mainland Africa have their home in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":20,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"class_list":["post-854","page","type-page","status-publish","hentry"],"blocksy_meta":[],"acf":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/afrifacto.com\/ug\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Gas reserves Uganda has 12 billion standard cubic feet (339 million cubic meters) of natural gas reserves in its Albertine\u00a0 Graben region Impact of Oil on the Environment and other sectors Over 50% of birds, 39% of mammals, 19% of amphibians, and 14% of reptiles and plants found in mainland Africa have their home in&hellip;","_links":{"self":[{"href":"https:\/\/afrifacto.com\/ug\/wp-json\/wp\/v2\/pages\/854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/afrifacto.com\/ug\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/afrifacto.com\/ug\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/afrifacto.com\/ug\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/afrifacto.com\/ug\/wp-json\/wp\/v2\/comments?post=854"}],"version-history":[{"count":0,"href":"https:\/\/afrifacto.com\/ug\/wp-json\/wp\/v2\/pages\/854\/revisions"}],"wp:attachment":[{"href":"https:\/\/afrifacto.com\/ug\/wp-json\/wp\/v2\/media?parent=854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}