International Journal of Academic Multidisciplinary Research (IJAMR)
  Year: 2022 | Volume: 6 | Issue: 8 | Page No.: 66-73
Local Content in the Ugandan Petroleum Industry Download PDF
Amade Roberts Amana PhD, BL and Samuel Abu Amana PhD

Abstract:
Uganda is one of the latest African countries to explore their petroleum deposits. The country's relatively late entry into the industry affords it the advantage of learning from the experiences of other developing countries, perennially dogged by the notorious resource curse. For these countries, high revenues derived from the export of mineral resources have not translated into meaningful development. In 2016, Uganda adopted the National Content Regulations to regulate investments, provide employment for locals, and shore up domestic capacity building in the petroleum industry. This article focuses on the nature of the local content requirements and their implications for the petroleum industry. The article also explores the interplay between the local content requirements, governance and global trade and investments rules.