Exploring Uganda's Oil and gas sector | MorningAtNTV

Whereas Uganda’s oil and gas projects are well-intentioned, skeptics argue otherwise! Over the months, attacks largely online, have surged focusing on the East African Crude Oil Pipeline (EACOP). Yet, the Upstream (Tilenga and Kingfisher) and the midstream-EACOP projects are conjoined. Each of them is vital for the other’s success. Whereas Uganda’s oil and gas projects are well-intentioned, skeptics argue otherwise! Over the months, attacks largely online, have surged focusing on the East African Crude Oil Pipeline (EACOP). On the commercial side, close to US$20bn is going to be injected into the projects. This is almost half of Uganda’s GDP in 2021, according to the UBOS statistical abstract for 2021/22. The investment will have a ripple effect-employment and contracts for Ugandans plus stimulating other sectors, which will provide goods and services, the projection to start reaping from this project is 2025, we get an update from Gloria Sebikari - corporate affairs manager, of Petroleum Authority Uganda #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter   / ntvuganda   Connect with us on Messenger via m.me/NTVUganda