The IEC facilitates seamless connections between Ugandan and Foreign companies with similar industry goals interested in forming partnerships to participate in the Oil and Gas Sector, as well as other sectors. Through our Connect Platform (this should be a link to the connect portal/page) companies can easily identify and match with a potential partner.

Minimum Requirements for Formation of Joint Venture Partnerships in the O&G sector.

• Identify a potential joint venture partner.
• Conduct a Due Diligence: undertake a thorough due diligence on the partner to ensure transparency and avoid conflict.
• Draft a joint venture agreement clearly demonstrating;
• Name of the Joint Venture Partners; clear demonstration of company registration for
• Both companies must be registered on the National Supplier Database of PAU.
• Clear target scope or business opportunity for participation
• Proof of technical and financial competence for each Party.
• Commitment to national content compliance and National Content Regulations:value addition to Uganda through utilization of local raw materials, goods and services and employing at least 70% Ugandans.
• Commitment to knowledge and skill transfer to Ugandan companies and individuals.
• Demonstration that the Ugandan partner shall have at least 48% shareholding stake in the JV.
• Demonstration of compliance; certificates of incorporation for each Party, detailed plan for recruiting and training Ugandans, JV Organogram.
• Submit the Agreement to PAU for Approval.
• Upon approval from PAU, the companies can proceed to participate in the O&G project opportunities as Joint Venture partners for the approved scope

The JV entity can be established as a new incorporated company or through contractual agreements.