Uganda's Museveni Declines Granting More Waivers to Oil Firms

President Yoweri Museveni has lashed out at petroleum multinationals pushing for tax waivers as a pre-condition for further development of the country's oil fields, deepening a standoff on the building of the Hoima oil fields which is estimated to have 1.7 billion barrels of crude. Uganda and Tanzania are jointly developing the 1,443-kilometre East Africa crude oil pipeline, from the fields in Hoima, western Uganda, to the port city of Tanga along the Indian Ocean.

(file photo).


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