Tanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors. The decision was reached during talks between Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni, in Kampala on Thursday, Magufuli’s office said in a statement
French oil giant Total SA, one of the leading players in Uganda’s oil fields, agreed to take a 10 percent stake the proposed oil refinery project, Energy Minister Irene Muloni said. Negotiations with a group of investors led by RT GlobalResources LLC, a unit of Rostec State Corp. of Russia, on the construction of the
Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding on Tuesday for joint exploration and development of hydrocarbons in Lake Tanganyika. The lake, which straddles the border between Tanzania, Democratic Republic of Congo, Burundi and Zambia, is the world’s second largest by volume and second deepest, according to officials. “We have
By Samuel Okulony It is with no doubt that the developments in Uganda’s oil and gas sector are currently in advanced stages of development that are moving the country towards first commercial oil production. As the country seeks to maximize profits from its commercially viable oil deposits, it is important to ensure that the environment
Oil pipelines planned in Kenya and Uganda to ferry crude from fields to port present opportunities for private financiers keen to gain a foothold in East Africa’s energy industry, the African Development Bank says. “Nobody has ever, ever lost money financing pipelines,” Gabriel Negatu, the Abidjan-based lender’s regional director for East Africa, told Bloomberg in
Total’s President for Exploration and Production Arnaud Breuillac said that the French major is actively moving towards a final investment decision as early as end-2017 for its onshore oil project in Uganda. Breuillac’s statement comes on the backdrop of three production licences granted to Total E&P Uganda BV (Total’s subsidiary) by the government of Uganda
The Executive Director of The Petroleum Authority of Uganda Ernest Rubondo urged Ugandan local service providers to take up opportunities in oil explorations set to start in the country soonest. Speaking at a dinner organised by Oil and Gas service providers in Kampala, Rubondo said the new oil exploration works presents opportunities worth trillions of
By David Lettis… The Ugandan government in late August awarded oil production licenses to Total SA, which should allow the company to begin activities required for future production. Total has made East Africa a primary focus for production growth, largely because of the immense Ugandan reserves. Here’s why Total seems so intent on beginning production activities
Significant onshore oil discoveries in Uganda and Kenya together with the huge offshore gas discoveries in Tanzania and Mozambique has made the region a world energy center of attraction Industrial experts said. The organizer of East Africa Oil and Gas Summit, Global Events and Partners (GEP) said “the speed at which regional governments are developing
A Paris based team of oil experts arrived in Tanzania last week to discuss proposed new developments on Uganda-Tanzania oil Pipeline project. According to state owned Daily News, the team which departed from the country met with Tanzania’s officials to deliberate on the tax modalities and benefits for the hosting country in the pipeline deal.