
Uganda’s Exit from Pipeline Project Slows Kenya’s oil Export Hopes
By VICTOR AMADALA
Business Writer
The
two countries had in 2015 agreed to jointly build the oil pipelineInvestors
in the Turkana oil project are pegging their investment decision on the
completion of the pipelineKenya will now have to bear the full
cost of the delayed Lokichar-Lamu crude oil pipeline after Uganda, which
ditched the project in 2016 opted for the Tanzania route.
The move by Uganda further jeopardise
Kenya's hope both for the oil pipeline, blurring the country’s dream for oil
cash.
Last
weekend, Uganda President Yoweri Museveni and his Tanzanian counterpart John
Magufuli officially signed a $3.5 billion (Sh378 billion) deal that will see
the Kampala route export its oil through Tanzania’s 1,445-kilometre crude oil
pipeline.
Uganda said i...