A fee of $12.2 will be levied on each barrel of oil from Uganda going through the proposed Hoima-Tanga crude oil pipeline. According to the technical report which formed basis for Uganda’s decision to settle with the southern route, the tariff is considered least compared to $17 (or higher) estimated for the route from Hoima
French Giant Total Wins as Uganda Settles for Tanzania in the Crude Oil Export Pipeline Project
Uganda announced settling for the Southern route to Tanzania’s Port of Tanga as the economically viable oil pipeline exit point as opposed to Kenya. The Tanga route was backed by Gulf Interstate Engineering study and French giant Total was the major stakeholder while the Southern and northern Kenya routes, were informed by Toyota Tsusho feasibility
Tanzania Remains Favorite Route for Uganda Oil Export Pipeline, Official says Kenya ‘Lost the Deal’
Undercover reports emerging from the talks between Kenya and Uganda on Crude oil routing options indicate that Uganda has finally settled with Tanzania’s port Tanga as the Oil exit point. A senior Kenyan official told the The East African newspaper on Saturday that Uganda had stuck to the route between Hoima and Tanzania’s Tanga Port route instead of
New Report projects Kenya annual Oil Revenues between $2.6 billion-$5 billion at Peak
At the commencement of Kenya oil production in 2021 (Ceteris Peribus), national revenues will peak at USD 2.6 billion per year with oil prices at $45/bbl and rise to more than USD 5 billion per year at $85/bbl. The details are reviewed in a report titled , “Potential Government Revenues from Turkana Oil” Released by the Kenya
Why Uganda must win hearts of Environmentalist if it chooses Tanzania in Oil Pipeline Project
The signs are clear that Uganda is considering Tanzania Northeastern Port of Tanga as the most profitable route for it’s oil export pipeline project other than Kenya’s Lamu. This move is likely to be a thorn in Kenya’s foot if the amount of technical investment East Africa’s economic powerhouse has incurred to bring the project
District Admistrators Want Uganda government to Review Oil Revenue sharing Law
District administrators in Uganda have asked government to review the oil revenue sharing legislation as a precursor for proper management of the proceeds from the nations budding oil sector. Speaking at a workshop in Kampala, the lower government administrative officers cited The Public Finance Management Act, which they said poses challenges in the operationalization
Uganda should opt for Tanzania in the Oil Export Pipeline Deal
By William G. Naggaga… It was reported recently that the French oil giant, Total, was ready to finance the building of a crude oil pipeline from Uganda’s Albertine Graben to the Tanzanian port of Tanga. The pipeline would cost an estimated $4 billion (Shs13 trillion) and Total had already secured the required funding. The revelation was
Kenya Official says Tanzania had nothing to do in Uganda-Kenya Oil pipeline meeting
Tanzania was not involved in Uganda-Kenya oil pipeline negotiations because the issues discussed were exclusive for the two countries, a Kenyan Official said. Kenya Presidency Spokesman Manoah Esipisu told reporters in Nairobi that Tanzania was isolated deliberately because it had nothing to do with the issues on the agenda. “Monday meeting was bilateral. As you
Kenya and Uganda Officials to meet over Uncertain Pipeline deal
Kenya and Uganda officials are set to meet purposely look into the way forward for the much uncertain fate of the of Uganda Oil pipeline route, Kenya state Owned KBC television reported. The deal between the two nations fell on uncertain grounds after Uganda indicated it was considering having its crude export pipeline southwards to
South Sudan seeks to renegotiate Crude Transportation Charge with Khartoum
South Sudan has asked immediate neighbor Khartoum to lift the lease of crude oil transportation facilities and cost due to danger posted by current market prices. South Sudanese Foreign minister, Barnaba Marial Benjamin made the appeal in an interview with Ashrooq television in which he noted that the country’s proceeds from oil had narrowed due