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Government tables two Petroleum Bills before Parliament

Government has tabled two bills to regulate the Oil and Gas Sector before Parliament. The two Bills, the Petroleum (Exploration, Development and Production) Bill, 2012 and the Petroleum (Refining, Gas Processing, Conversion, Transportation and Storage) Bill, 2012, were tabled on Wednesday 8th and Tuesday 15th February, 2012 respectively.

In 2008 the Government of Uganda approved a National Oil and Gas policy for Uganda. The policy goal is to use Uganda’s oil and gas resources to contribute to early achievement of poverty eradication and to create lasting value to society.

Out of and for the purposes of the published policy, the Government found it necessary that two Bills should be prepared to be passed by Parliament to give effect to the policy.

The objects and principles of the Petroleum (Exploration, Development and Production) Bill, 2012 are to give effect to article 244 of the Constitution; to regulate petroleum exploration, development and production; to establish the Petroleum Authority of Uganda; to provide for the National Oil Company; to regulate the licensing and participation of commercial entities in petroleum activities; to provide for an open, transparent and competitive process of licensing; to create a conducive environment for the promotion and exploration of Uganda's petroleum potential; to provide for efficient and safe petroleum activities; to provide for the cessation of petroleum activities and decommissioning of infrastructure; to provide for the payment arising from petroleum activities; to provide for the conditions for the restoration of derelict lands; to repeal the Petroleum (Exploration and Production) Act, Cap 150; and for related matters.

The objects and principles of the Petroleum (Refining, Gas Processing, Conversion, Transportation and Storage) Bill, 2012   are;- to give effect to article 244 of the Constitution; to regulate, petroleum refining, gas processing and conversion, transportation and storage of petroleum, to promote policy formulation, coordination and management of petroleum refining, gas processing and conversion, transportation and storage; to provide for third party access to infrastructure; to provide for an open, transparent and competitive process of licensing by the Minister responsible for petroleum; to provide for health and safety environment; to provide for cessation of petroleum activities and decommissioning of petroleum facilities and infrastructure and to provide for related matters.

 Click Here to Download the Petroleum (Exploration, Development and Production) Bill, 2012

Click here to download the Petroleum (Refining, Gas Processing, Conversion, Transportation and Storage) Bill, 2012



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