[quote=Cde Monomotapa]Habari ndo hiyo..
President Yoweri Museveni urged the oil firms to “move fast” because Ugandans have waited for long to see the first oil production.
“We as Ugandans are a bit impatient because we want to use the oil money for the development of infrastructure,” he said in a statement yesterday.
“I call upon the oil companies to be fast so as to revamp the economy of Uganda. Oil is important. We want fast development in order to go to double digits in the growth of Uganda’s economic growth (GDP) of 11 and 12.”
Jimmy Mugerwa, the Tullow Uganda country general manager, said the delay in signing the deal was because the project involves “huge investments.”
“We are talking about close to $15b investment. Our boards had to think and discuss before making decision. It is huge investment,” he said.
Xiao Zongwei, the CNOOC Uganda general manager, pledged to “deliver the project as quickly as possible” to meet all stakeholders’ expectations. “It is our duty,” he said.
http://www.newvision.co....oil-value-addition.html[/quote]
This guys are most probably interested in booking reserves on their statement and rallying the stock! I can bet we will hear this story again after another two years and no oil flowing! Threats, and real threats is the only thing that works!
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11