Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Uganda’s Museveni Says Foreigners Meddle in Oil Sector

Ugandan President Yoweri Museveni said foreigners are interfering inappropriately in the country’s oil industry.

Some politicians and non-governmental organizations who opposed a clause that gave the energy minister the right to issue and revoke licenses were funded by “foreign interests,” the Ugandan leader said today in a televised address to parliament in Kampala, the capital.

“These people are spreading lies acting on behalf of foreign interests,” Museveni said. “Foreigners always get it wrong.”

A petroleum authority will be established to handle oil licenses under plans passed on Dec. 7. A moratorium on new licenses is to be lifted, Energy Minister Irene Muloni said by phone that day.

Oil companies are undermining Uganda’s interests by their opposition to building a refinery and and one company, which he didn’t identify, underestimated the level of the nation’s reserves, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.