IFRAME SYNC
Home » News » Uganda news » Keep Details Of Oil Pipeline Deal Confidential – Solicitor General To Government
Keep The Details Of The Oil Pipeline Deal Confidential, Solicitor General To Government

Keep Details Of Oil Pipeline Deal Confidential – Solicitor General To Government

The solicitor general has cautioned the government to keep the details of the oil pipeline deal confidential. He says the deal contains a lot of information that they don’t have to be disclose.

Last month, Uganda, Tanzania and the two oil companies of Total E&P, and China’s CNOOC signed the East African Crude Oil Pipeline deal.

“All the three contractual agreements contain a confidentiality clause which prohibits disclosure of information of a financial, technical or commercial nature relating to EACOP project to any third party except with consent of the other party or where the disclosure is allowed by law or disclosure is as a result of a court order or required in court proceedings,” the solicitor general wrote.

The Solicitor General says Uganda agreed to a confidentiality clause in each of the agreements.

“In our view, disclosure of the above contractual documents is likely to undermine the bankability of the EACOP project as disclosure is likely to disadvantage the investors in the course of commercial negotiations for project finance with the lenders which will have detrimental consequences to Uganda and the people of Uganda as a whole.”

Recently though, lawyer Mabirizi has been putting the government on pressure to disclose the details of the deal.

He even took a case to court for this matter. However, if the parties signed a non disclosure deal, then this could be a waste of his time.

Check Also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About Suubi Anne

Loading...
x

Check Also

Muwadda Nkunyingi Embarrassed For Posting Fake Letter Of Government Apology To US Ambassador

Muwadda Nkunyingi Embarrassed For Posting Fake Letter Of Government Apology To US Ambassador

Hon. Nkunyingi Muwadda has been left embarrassed after he posted a fake letter alleging that ...