NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
Even before production—expected to commence around 2020 at the earliest—a report last Friday in New Vision Newspaper indicates Uganda has received about USD 693 million in oil revenues. Other sources put the figure as high as USD 750 million.
For years, Tanzania learned lessons in effective petroleum resource revenue management from Ghana and Uganda. During the latest regional media training course from NRGI, Tanzania’s recent stewardship of the sector presented lessons for Ugandan and Ghanaian journalists to take home.
With over a decade of journalism experience, Xinhua News Agency senior correspondent Justice Adoboe is far more experienced than the typical NRGI media trainee. In covering the complex extractives space, however, Adoboe said he has room to grow.
This week, 29 participants from 13 countries — including Ghana, Chile, Uganda, Myanmar, Mongolia and Guinea — are taking part in our third annual Executive Course in Oil, Gas and Mining Governance in Oxford.
The steep drop in global oil and gas prices threatens to dramatically impact countries that have staked significant economic hopes on new projects as an engine for economic development. The commodities boom that began in 2004 spurred a wave of new investments in exploration and development, as the potential value of new discoveries rose and complex projects that would have previously been uneconomical became viable.