Museveni: I’ll not let opposition touch my oil

Museveni on arrival waving to people at the venue to officiate at prayers of 17th year of 1995 Atiaka massacre at Atiaka Primary School on 20/4/2012. PPU PHOTO

President Yoweri Museveni has vowed not to allow opposition opponents get their hands on “his” Albertine oil wells.

Museveni made the remarks while addressing the Muslim community during Eid celebrations at Masaka Main Mosque, Masaka District.

Museveni made it clear that he will not just hand over power to opponents especially after the discovery of oil.

“We are about to start extracting oil from the ground,” the President reminded believers.

“It (oil) will help us transform the country,” he said emphasizing infrastructural development.

“When you see these opposition politicians saying ‘he should go he should go’,” he paused and let the congregation first clap as his point sunk in.

“They want to eat benefits from my oil,” he said.

He quoted the bible anecdote of the lost sheep saying the role of the movement was to find the lost sheep and return them home.

Museveni has now moved from owning the army, the guns and the money in the country to owning resources like oil and others.

He has been insistent on using oil to modernize Uganda.

According to the Ugandan government in April 2015, the country has proven crude oil reserves of 6.5 billion barrels, at least 1.5 billion of which is recoverable.

Some of the largest oil fields are located in the Kaiso-Tonya area in Hoima District. This area has been selected to be the location of Uganda’s only oil refinery.

The strategy is to build a refinery that meets the petroleum products needs of Uganda and its regional neighbors and to export the rest of the production via a pipeline to Kenya’s port of Lamu.

On 17 February 2015, media reports indicated that the consortium led by RT Global Resources (also including Telconet Capital Limited Partnership, VTB Capital, JSC Tatneft, and the GS Engineering and Construction Corporation) had won the bid to build the refinery.

The refinery will be built on a 29 square kilometres (11 sq mi) piece of land in Kabaale Township, Buseruka Sub-county, Hoima District, Western Region of Uganda, along the eastern shores of Lake Albert and near the international border with the Democratic Republic of the Congo.

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