‘Scientists say after 20 years oil will lose value’

President Museveni has told the parliament of Uganda that scientists in USA recently told him that after 20 years oil would lose value. The MPs asked the president to show evidence that indeed the scientists told him and which scientists the president could not reveal anything.

But he told them that it was those scientists who even advised him to sign oil agreements without the consent of Ugandans or parliament.  Tullow Oil signed two production-sharing agreements with Uganda, last month allowing it to complete a deal with Chinese group CNOOC and French company Total that will pave the way for commercial oil production.

The MP for Lwemiyaga County, Theodre Sekikubo has told journalists this morning that the Uganda president is slowly becoming an international liar.

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