The Minister of Works and Transport Eng. Monica Azuba Ntege has asked engineering community in Uganda to prepare to tap into the upcoming construction phase in the oil and gas sector by the International Oil Companies (IOCs).
The minister was recently speaking at a a conference about the opportunities in the oil and gas sector. The conference was organised by the Petroleum Authority of Uganda (PAU) in partnership with other government agencies.
The conference is part of the efforts to prepare local firms for the development phase of the oil and gas sector with planned construction of the East African Crude Oil Pipeline (EACOP) and the Oil refinery, among others.
The minister said the construction phase in the oil and gas sector provides opportunities for Uganda Construction and Engineering firms and individuals to provide the related services and supplies.
“I have been briefed that the Oil and Gas Sector is expected to generate $15-20 billion investment in the next three years in various projects that will lead to First Oil. Government has put in place an enabling legal framework for the participation of Ugandans in these activities, and for your information, civil works and provision of available construction materials are ring fenced for Ugandans,” she said.
The Minister further encouraged the professionals, contractors, manufactures and suppliers with the necessary competencies and capacity to extend their sphere of influence and explore these opportunities.
Mr. Ernest Rubondo, the Executive Director of the PAU said experience from oil producing countries across the world showed that for the oil and gas sector to spur inclusive growth, deliberate efforts have to be made to enable the benefits from the sector reach the wider population. This, he said, would only primarily be achieved through growing the participation of Ugandans and Ugandan entities in the provision of goods and services to the sector.
“The construction and engineering subsector of the economy is one of the areas which has a very significant potential to benefit from the development of the country’s oil and gas sector. This is especially so because the construction and engineering subsector provides opportunities for high value participation of Uganda entities,” he said.
Mr. Rubondo added that potential local suppliers will be empowered with knowledge on the construction and engineering requirements for the oil and gas sector in terms of quantities, scope, timelines and standards.
“The PAU is looking forward to the development of the oil and gas sector in a way that will enable the sector to contribute to Uganda’s socio-economic transformation. Achievement of this goal requires decisiveness, adequate preparation and implementation of a road map that positions the sector players to reap the benefits,” he noted.
Mr. Robert Kasande, the Permanent Secretary of the Ministry of Energy and Mineral Development in his closing remarks said the local companies need to comply with the required standards or risk missing out on the opportunities once the Final Investment Decision (FID) is taken.
Latest from Earth Finds
- Climate Change Development Partners Believe Africa's Future Depends On Solidarity
- AfDB, African Union To Roll-out Continent-wide Electricity Market Masterplan
- UNDP, IRENA Poised To Support Breakthroughs On Renewables
- AfDB, Germany Inaugurate Rwanda's Shango Power Substation
- Victoria University Offers 20% Fees Discount On Short Courses