Bobi Wine, the main opposition candidate in Uganda’s Presidential election next week, said he would review the country’s agreements with international oil firms if he won power and revise any that did not favour Ugandans.
Uganda expects to start commercial crude oil production later this year when fields run by France’s TotalEnergies, China’s CNOOC and Uganda National Oil Company come online.
TotalEnergies and CNOOC both operate on the basis of production-sharing agreements with the government.
“We shall study all agreements,” Wine, a former pop star who is challenging Museveni for the second straight election after winning 35% of the vote in 2021, told Reuters during an interview last week in the capital Kampala.
“And any part in those agreements that does not favour Ugandans will definitely be revised.”
Uganda’s information minister, TotalEnergies and CNOOC did not immediately respond to requests for comment.
–Reuters–
