Efficiency, Sustainability, and Exit Strategy in the Oil and Gas Sector: Lessons from Ecuador for Uganda

    This paper draws lessons from the more experienced oil-and-gas-producing Ecuador, for Uganda's nascent oil and gas sector, to argue a case for sustainable petroleum-exploitation. It relies on extant inquiries on developments in Uganda's oil and gas sector, observation of oil-related developments in Ecuador, and interactions and exchanges with intellectuals from Uganda and Latin America. The findings reveal that countries which lay emphasis on the following four aspects in the oil and gas sector are able to maximize returns from the sector for current and future generations: institutional design and planning for oil-sector efficiency; balancing oil-sector developments with protection and conservation of natural environs; national and regional diversification of the economy and energy sector; and strategic investment of petro-revenues.

    Publication Date: 19 Mar. 2017

    Download PDF