By Ali Ssekatawa The assertion that Uganda got a bad deal from the oil and gas projects and will only earn $5 per barrel is not only factually wrong but does not make logical sense. Mr. Hussein Lumumba Amin ignorantly mixes up the economics of the upstream with the midstream. To understand Government’s expected take/revenue from the sector, these two segments of the petroleum value chain must be understood/ explained separately. The crux of his faulty and bizarre thesis is captured below; “Let’s do the simple maths in five seconds. Today a barrel of oil costs $60. Now the oil…
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