Delayed oil dreams hurting many Ugandans

Workers discuss around an oil rig in the Albertine Graben area. Delayed oil production is causing jitters among producing companies and employees in the sector. Photo by Faiswal Kasirye

What you need to know:

Hurting. Dates of oil production have consistently been shifted amid falling internal prices. This is hurting companies that had projected early production.

In one of Kampala’s suburbs along Bukoto-Kisasi road is an entire parking lot of trucks. They are branded trucks with banners reading “Baker Hughes” and “Halliburton.”
Some of the earth moving equipment has been lying idle for the better part of the year, the reason being an oil sector that has been quiet as oil companies await issuance of production licences.
The equipment is only part of the story that highlights how businesses have stalled and people laid-off.
Some of them, including Bemuga Forwarders and Three Ways Shipping Group have laid back and are now held together by hope.

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