Petroleum Authority of Uganda

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Petroleum Authority of Uganda (PAOU)
Type Government Agency
Industry Petroleum
Founded 2014
Headquarters Kampala, Uganda
Products Exploration Licenses, Refining Licenses, Transportation Licenses, Marketing Licenses, Investment Advice

The Petroleum Authority of Uganda (PAOU) is a proposed government-owned regulatory body of the petroleum industry in Uganda, the third-largest economy in the East African Community. Its mandated responsibilities will include licensing, regulation, supervision of exploration, harvesting, refining, marketing and disposal of petroleum products in the country. Although owned by the Ugandan government, it is expected to act independently.[1]

Overview[edit]

The law authorizing the creation of the agency is known as the Petroleum (Exploration, Development and Production) Act 2013. It was passed by the Ugandan Parliament on 7 December 2012, and was assented to by the President of Uganda, on 12 March 2013. The law was gazetted on 15 April 2013.[2] The agency will be established once the President of Uganda has named the company's Board of Directors and once Uganda's Parliament approves the board members.[3][4]

Location[edit]

The headquarters of the PAOU, when established, will be located in Kampala, the capital of Uganda and the largest city in that country.

See also[edit]

References[edit]

  1. ^ Kasita, Ibrahim (2012). "Uganda’s Draft Petroleum Law Provides Checks And Balances". New Vision (Kampala). Retrieved 29 August 2014. 
  2. ^ Musoke, Ronald (19 April 2013). "President Museveni signs Oil Law". The Independent (Uganda). Retrieved 29 August 2014. 
  3. ^ Vision, Reporter (17 March 2014). "Oil Proceeds To Transform Agriculture". New Vision (Kampala). Retrieved 29 August 2014. 
  4. ^ Sekanjako, Henry (14 July 2014). "MPs Reject Two Presidential Appointees On Oil Management". New Vision (Kampala). Retrieved 29 August 2014. 

External links[edit]