new soybean oil line low price in uganda

   
new soybean oil line low price in uganda
                                               
                                               
                                               
                                               
  • new soybean oil line low price in uganda
  • Why have oil production-sharing agreements been amended in Uganda?
  • Ernest Rubondo, Uganda¡¯s top oil regulator, says that production-sharing agreements have been amended since 2019 to give the companies a larger share of the profits when oil prices are low. In effect, they have passed on some of the financial risks of a global transition to low-carbon energy to the Ugandan government.
  • How much money will Uganda’s Oil Project bring?
  • Officials reckon the development phase will bring $15bn-20bn of investment, of which they hope 40% might go to Uganda-based companies, in a country with a GDP of around $40bn a year. A UN study forecasts that oil will raise government revenues by a third over the estimated three-decade life of the project.
  • How many smallholder farmers will be able to grow soybeans in Uganda?
  • In Uganda, the project has so far signed partnership agreements with eleven SMEs working in the soybean and sesame value chains with a potential to reach 90,000 smallholder farmers.
  • Will oil make Uganda richer?
  • The unspoken logic of the project might be this: that land acquisition is always messy, and politics brutal, but the price is worth paying if oil makes Uganda richer. Officials reckon the development phase will bring $15bn-20bn of investment, of which they hope 40% might go to Uganda-based companies, in a country with a GDP of around $40bn a year.