Progression towards Local Content in Uganda

July 1, 2011 - PRLog -- Among several developing nations increasingly at the heart of Local Content debate in the oil and gas industry, Uganda has now been considered for some time a frontrunner in terms of opportunities. A government-commissioned study recently backed this up, analysing how the country's citizens, private sector and state agencies can benefit from maximisation of Local Content. The findings suggest that proposed Local Content laws, requiring oil firms operating in Uganda to prioritise local suppliers and personnel, will bring nothing but good news for the nation's developing economy.

The draft report Enhancing Local Content in the Oil and Gas Industry was put together by a team of six researchers. In their recommendations, the experts highlighted the need to build capacity through policy that allows native suppliers, contractors and employees to take priority over contracts and jobs in the sector. Having such rules in place, the researchers noted, would help regulate Uganda's enormous expatriate workforce, while compelling foreign firms to develop local skills and infrastructure simultaneously.

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The 7th Annual Global Local Content Summit will be hosted from 26th - 29th September 2011 in London. For more details, please visit the website: www.localcontentsummit.com, call freephone: 0800 652 2363 or email: enquire@iqpc.co.uk.