Tuesday, February 22nd, 2022

REPORT 7

The 2020 research, ‘Understanding the impact of a low carbon transition on Uganda’s planned oil industry’ examines the reduction in value of three main assets of Uganda’s oil: the oil fields; the East African Crude Oil Pipeline; and the Hoima oil refinery.
In their analysis, the authors note that since Uganda signed its initial production sharing agreements in 2013, the value of Uganda’s oil reserves has fallen by 70% and if the low-carbon transition continues, the value will drop further by 88%. Read More