K22 wrote:It might also have negative impact on our economy.... see this article from
Business Daily BD are full of inflammatory statements.
Pumping refined oil is not in the interest of he oil companies hey recoup their money faster by exporting crude. They are going to be resistant to building of a larger refinery infact any refinery. If uganda decide to build a refinery it will be at their on cost.
The fact that uganda has oil does not mean Kenya, Tanzania, Rwanda etc will not discover oil. Infact the oil discovery suggest that someone else has oil. If that is the case if they build a huge refinery instead of building a pipeline to export oil they could be left with too much oil that they can not consume or export.
There are a lot of factors at play and the idiots who write in the BD should at least try and understand them before they report.
Ugandas oil will definitely benefit us before it hurts us! Exports will not reduce infact exports will increase as the wealth of the country increases the more they consume and the more we export..... plain and simple!