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The Norwegian Model of Oil Extraction and Revenues Management in Uganda

Published online by Cambridge University Press:  14 August 2017

Abstract:

According to the latest figures, Uganda has 6.5 billion barrels of oil deposits, which makes it the third-largest oil holder in sub-Saharan Africa. Currently the country is preparing its legal and institutional framework for proper management of the oil revenues. However, developing an effective oil sector in any of the SSA states has so far proved to be a futile task. To ensure that Uganda is not going to repeat the mistakes of Nigeria, the country’s leaders have requested Norway’s assistance in preparing Uganda’s oil sector for the upcoming production phase. The major objective of this article is to determine whether the Norwegian model of oil extraction and revenues management is transplantable to the Ugandan political, economic, and social conditions.

Résumé:

Selon les derniers chiffres, l’Ouganda dispose de 6,5 milliards de barils de gisements de pétrole, ce qui en fait le troisième plus grand détenteur de pétrole en Afrique subsaharienne. Présentement, le pays prépare son cadre juridique et institutionnel pour une meilleure gestion des recettes pétrolières. Cependant, le développement d’un secteur pétrolier efficace dans l’un ou plusieurs des États de l’Afrique subsaharienne s’est révélé jusqu’ici une tâche futile. Pour s’assurer que l’Ouganda ne répète pas les erreurs nigériennes, les dirigeants du pays ont demandé l’aide de la Norvège pour préparer le secteur pétrolier de l’Ouganda pour la prochaine phase de production. L’objectif principal de cet article est de déterminer si le modèle norvégien d’extraction pétrolière et de gestion des revenus peut être appliqué avec les conditions politiques, économiques et sociales de l’Ouganda.

Type
ARTICLES
Copyright
Copyright © African Studies Association 2017 

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