Governance Of Oil and Gas in Uganda

Abstract

Effective management of oil and gas resources is vital to boostingUganda's economic development. The country has 1.38 billion barrels of recoverable oil reserves, significantly improving revenue, exports, and investment. Thus, the current study analysed the governance of oil and gas in Uganda by comparing value realisation, revenue management, enabling environment, and law and practice. The study explicitly compared Uganda’s oil and gas sector scores from 2017 to 2021 across four key areas: oil and gas value, the enabling environment, revenue management, and laws and practices. The study employed a descriptive design, using solely quantitative methods to examine Uganda’s governance of oil and gas. It relied on secondary  data freely available on the Natural Resource Governance Institute (NRGI) website. A two-sample t-test was conducted, and conclusions on the study hypotheses were drawn based on the resulting p-values. The findings emphasise the need to strengthen the enforcement of existing laws. Uganda must move beyond having well-crafted legislation on paper to ensuring its full implementation in practice.
The government should uphold the rule of law in managing the oil and gas sector to guarantee that the current legal framework delivers tangible socio-economic benefits.