OIL AND GAS REGULATORY STRIDES IN UGANDA

1. The Petroleum (Exploration, Development and Production) Bill, 2012, will govern upstream petroleum activities, including procedures for licensing, environmental safeguards, transparency rules and the government’s institutional set-up........
2. The Petroleum (Refining, Gas Processing and Conversion, Transportation and Storage) Bill, 2012, will govern downstream activities, to regulate, petroleum refining, gas processing and conversion, transportation and storage of petroleum, to promote policy formulation, coordination and management of petroleum refining, gas processing and conversion, transportation and storage; to provide for third party access to infrastructure; to provide for an open, transparent and competitive process of licensing by the Minister responsible for petroleum; to provide for health and safety environment; to provide for cessation of petroleum activities and decommissioning of petroleum facilities and infrastructure....
3. Part VII of the Public Finance Bill, 2012, spells out procedures for petroleum revenue management.