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Tag: Crude oil pipeline

Uganda’s Exit from Pipeline Project Slows Kenya’s oil Export Hopes

Uganda’s Exit from Pipeline Project Slows Kenya’s oil Export Hopes

FEATURED, NEWS, Oil & Gas
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...
Why Kenya lost Uganda Pipeline Deal

Why Kenya lost Uganda Pipeline Deal

FEATURED, GOSSIP, NEWS, Oil & Gas
What you need to know: Uganda said it dropped Kenya after it realised it would be cheaper using Tanzania’s Tanga port.The fact that the Tanga port was already operational gave it an edge over Lamu, which is still under construction. Nearly four years after Uganda abandoned Kenya in building an oil pipeline that would have transported its oil to Lamu, it has now officially signed a Sh410 billion ($3.5 billion) deal with Tanzania, leaving Nairobi to walk alone. The deal signed on Sunday between President John Magufuli and his Ugandan counterpart Yoweri Museveni will see Kampala route its oil exports through Tanzania, through the 1,445-kilometre crude oil pipeline. President Magufuli said after inking the deal in his home town of Chato that the project “is very crucial for ou...
Uganda and Tanzania Sign $3.5bn oil Pipeline Deal

Uganda and Tanzania Sign $3.5bn oil Pipeline Deal

FEATURED, NEWS, Oil & Gas
Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km (898 miles) crude oil pipeline. The $3.5bn (£2.7m) project will connect Uganda's oil fields to Tanzania's port of Tanga. The signing ceremony was attended by the presidents of both countries. Oil reserves were found in Uganda in 2006 but production has been delayed partly by a lack of infrastructure including an export pipeline. A start date for construction has not yet been announced for what is set to become East Africa's first major oil pipeline. But there are warnings the project could come at a huge cost to some Ugandan communities. More than 12,000 families risk losing their land and livelihoods, according to a joint report by the International Federation for Human ...
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