World bank ranks: Kenya second on logistics
- Thread starter Ian Cruz
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Fools...Following you...Then you must be the Grandfather of all fools Why lie???.....
Geza Ulole
JF-Expert Member
- Oct 31, 2009
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Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
MV Njombe and Mv Ruvuma
source: Issa Michuzi
source: Issa Michuzi
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
Australian firm granted licence to mine Tanzania graphite
Graphite mining in Tanzania. PHOTO | FILE
In Summary
Tanzania has granted Australia Stock Exchange-listed Graphex Mining Ltd a 10-year mining licence for graphite deposits discovered at Chilalo area in Nachingwea.
The licensing on November 14 by Energy and Minerals Minister Sospeter Muhongo will now make Tanzania one of the world’s major graphite exporters alongside China.
Commodities futures markets predict that a tonne of high quality graphite will cost about $6,175 from 2020.
Global demand for graphite is expected to double in a decade as the world pushes for greener technologies in transport and energy.
“Securing the mining licence is a significant step towards our objective of commencing project development and commercial production at Chilalo. It derisks the project,’” said Graphex’s managing director Phil Hoskins.
Feasibility studies show that Graphex intends to produce 69,000 tonnes of graphite annually and will invest $74 million in infrastructure and production facilities.
Mr Hoskins said the firm was negotiating off-take and financing agreements with CN Docking Joint Investment & Development, a subsidiary of China National Building Materials and China Gold Group Investment Co. Ltd.
“The expected conclusion of technical due diligence in the near term will allow these negotiations to move to a more advanced stage,” Mr Hoskins said.
Although China produces about 70 per cent of the world’s graphite, it is discouraging export of the ore through a 20 per cent tax, 17 per cent Valued Added Tax and an export licensing system.
The restrictions could benefit Tanzania, which is also developing another graphite mine at Nachu in Ruangwa. The $210 million project by Magnis Resources of Australia targets annual production of 240,000 tonnes of graphite concentrate annually for at least 15 years.
Tanzania’s other major graphite deposits are found in Epanko in Mahenge and Morogoro, Tanga and Merelani in Arusha, which are owned by Kibaran Resources Ltd, also of Australia.
Magnis last year signed off-take agreements with two Chinese Companies — Sinoma and Sinosteel — covering 180,000 tonnes of graphite annually when production starts — tentatively mid next year.
Magnis Resource has also started negotiations with China Railway 24th Bureau Group, a subsidiary of China Railway Construction Corporation Ltd, which built Tazara, for engineering, procurement, construction and contract mining. Posco Engineering & Construction of South Korea has been tasked to arrange financing of the project.
In a note to investors, Magnis put the operating margin for Nachu at $1,791 per tonne and net present earnings at $1.69 billion.
Back to The East African: Australian firm granted licence to mine Tanzania graphite
Australian firm granted licence to mine Tanzania graphite
Graphite mining in Tanzania. PHOTO | FILE
In Summary
- Global demand for graphite is expected to double in a decade as the world pushes for greener technologies in transport and energy.
- Feasibility studies show that Graphex Mining intends to produce 69,000 tonnes of graphite annually and will invest $74 million in infrastructure and production facilities in Tanzania.
Tanzania has granted Australia Stock Exchange-listed Graphex Mining Ltd a 10-year mining licence for graphite deposits discovered at Chilalo area in Nachingwea.
The licensing on November 14 by Energy and Minerals Minister Sospeter Muhongo will now make Tanzania one of the world’s major graphite exporters alongside China.
Commodities futures markets predict that a tonne of high quality graphite will cost about $6,175 from 2020.
Global demand for graphite is expected to double in a decade as the world pushes for greener technologies in transport and energy.
“Securing the mining licence is a significant step towards our objective of commencing project development and commercial production at Chilalo. It derisks the project,’” said Graphex’s managing director Phil Hoskins.
Feasibility studies show that Graphex intends to produce 69,000 tonnes of graphite annually and will invest $74 million in infrastructure and production facilities.
Mr Hoskins said the firm was negotiating off-take and financing agreements with CN Docking Joint Investment & Development, a subsidiary of China National Building Materials and China Gold Group Investment Co. Ltd.
“The expected conclusion of technical due diligence in the near term will allow these negotiations to move to a more advanced stage,” Mr Hoskins said.
Although China produces about 70 per cent of the world’s graphite, it is discouraging export of the ore through a 20 per cent tax, 17 per cent Valued Added Tax and an export licensing system.
The restrictions could benefit Tanzania, which is also developing another graphite mine at Nachu in Ruangwa. The $210 million project by Magnis Resources of Australia targets annual production of 240,000 tonnes of graphite concentrate annually for at least 15 years.
Tanzania’s other major graphite deposits are found in Epanko in Mahenge and Morogoro, Tanga and Merelani in Arusha, which are owned by Kibaran Resources Ltd, also of Australia.
Magnis last year signed off-take agreements with two Chinese Companies — Sinoma and Sinosteel — covering 180,000 tonnes of graphite annually when production starts — tentatively mid next year.
Magnis Resource has also started negotiations with China Railway 24th Bureau Group, a subsidiary of China Railway Construction Corporation Ltd, which built Tazara, for engineering, procurement, construction and contract mining. Posco Engineering & Construction of South Korea has been tasked to arrange financing of the project.
In a note to investors, Magnis put the operating margin for Nachu at $1,791 per tonne and net present earnings at $1.69 billion.
Back to The East African: Australian firm granted licence to mine Tanzania graphite
Australian firm granted licence to mine Tanzania graphite
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,426
Haya yanhusikana aje na mada, ama siwewe ulianzisha huu uzi?Australian firm granted licence to mine Tanzania graphite
Graphite mining in Tanzania. PHOTO | FILE
In Summary
- Global demand for graphite is expected to double in a decade as the world pushes for greener technologies in transport and energy.
- Feasibility studies show that Graphex Mining intends to produce 69,000 tonnes of graphite annually and will invest $74 million in infrastructure and production facilities in Tanzania.
Tanzania has granted Australia Stock Exchange-listed Graphex Mining Ltd a 10-year mining licence for graphite deposits discovered at Chilalo area in Nachingwea.
The licensing on November 14 by Energy and Minerals Minister Sospeter Muhongo will now make Tanzania one of the world’s major graphite exporters alongside China.
Commodities futures markets predict that a tonne of high quality graphite will cost about $6,175 from 2020.
Global demand for graphite is expected to double in a decade as the world pushes for greener technologies in transport and energy.
“Securing the mining licence is a significant step towards our objective of commencing project development and commercial production at Chilalo. It derisks the project,’” said Graphex’s managing director Phil Hoskins.
Feasibility studies show that Graphex intends to produce 69,000 tonnes of graphite annually and will invest $74 million in infrastructure and production facilities.
Mr Hoskins said the firm was negotiating off-take and financing agreements with CN Docking Joint Investment & Development, a subsidiary of China National Building Materials and China Gold Group Investment Co. Ltd.
“The expected conclusion of technical due diligence in the near term will allow these negotiations to move to a more advanced stage,” Mr Hoskins said.
Although China produces about 70 per cent of the world’s graphite, it is discouraging export of the ore through a 20 per cent tax, 17 per cent Valued Added Tax and an export licensing system.
The restrictions could benefit Tanzania, which is also developing another graphite mine at Nachu in Ruangwa. The $210 million project by Magnis Resources of Australia targets annual production of 240,000 tonnes of graphite concentrate annually for at least 15 years.
Tanzania’s other major graphite deposits are found in Epanko in Mahenge and Morogoro, Tanga and Merelani in Arusha, which are owned by Kibaran Resources Ltd, also of Australia.
Magnis last year signed off-take agreements with two Chinese Companies — Sinoma and Sinosteel — covering 180,000 tonnes of graphite annually when production starts — tentatively mid next year.
Magnis Resource has also started negotiations with China Railway 24th Bureau Group, a subsidiary of China Railway Construction Corporation Ltd, which built Tazara, for engineering, procurement, construction and contract mining. Posco Engineering & Construction of South Korea has been tasked to arrange financing of the project.
In a note to investors, Magnis put the operating margin for Nachu at $1,791 per tonne and net present earnings at $1.69 billion.
Back to The East African: Australian firm granted licence to mine Tanzania graphite
Australian firm granted licence to mine Tanzania graphite
Weka vitu kama hivi!!
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
Haya yanhusikana aje na mada, ama siwewe ulianzisha huu uzi?
Weka vitu kama hivi!!
unajua graphite inatumika kwenye nini? Inatumika kwenye electric cars na uache ujinga
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
Tanzania, Zambia consider joint oil, gas pipeline
Tanzania and Zambia are to negotiate a new deal for transport of refined oil and natural gas. PHOTOS | FILE
In Summary
Tanzania and Zambia are to negotiate a new deal for transport of refined oil and natural gas.
The talks will centre around either modernising the existing 1,710km Tazama pipeline, which transports crude oil from the Dar es Salaam port to Zambia, or building a parallel pipeline for gas.
Tanzania’s Minister for Foreign Affairs, East African Regional and International Co-operation Augustine Mahiga said the project will be at the top of the agenda when President John Magufuli hosts his Zambian counterpart President Edgar Lungu on a state visit this week.
The Tazama (Tanzania-Zambia Mafuta) pipeline, which runs from Dar es Salaam to Ndola through southern highlands of Tanzania was built in 1968 to feed Zambia with crude oil imports after the Rhodesia colony (now Zimbabwe) under former prime minister Ian Smith imposed sanctions on Zambia, which was one of the frontline states for the liberation of Zimbabwe.
To manage Tazama the two countries formed a joint company, the Tazama Pipeline Ltd, with the government of Zambia owning 66.7 per cent and Tanzania 33.3 per cent.
The Tazama pipeline was initially designed to have 1.1 million tonnes of crude oil flowing through it per year, but is currently handling about 600,000 tonnes annually.
The new project, if endorsed, will enable the transportation of crude oil, refined oil and natural gas.
“It is economically viable to use Tazama to transport gas and refined oil either by using the existing infrastructure or constructing a parallel pipeline,” said Dr Mahiga.
Tanzania is estimated to have about 53.2 trillion cubic feet of natural gas deposits and is planning to build a natural gas plant but is undecided on whether the $30 billion project will be built in Mtwara, Lindi or Dar es Salaam.
Tanzania had already signed a pipeline deal with Uganda, to construct an oil pipeline from Hoima to Tanga Port for transporting Uganda’s crude oil for export.
Dr Mahiga said Tanzania is looking for more business opportunities with Zambia and the two heads of states are expected to sign several deals.
President Lungu’s visit should also see a final plan to revamp the Tanzania-Zambia Railway (Tazara) by contracting a Chinese firm.
Chinese ambassador to Tanzania Lu Youqing told The EastAfrican that a team of experts from Tanzania and Zambia will go to China to negotiate a better deal for revamping the railway before their recommendations are presented to the two heads of states for approval.
Mr Youqing said the management and financing of the project were among the issues being looked at.
Once the recommendations are approved by the presidents, the 1,600km-long Tazara will become the longest railway network linking the East African region with the Southern African Development Community, with connections to Bagamoyo port, as well as a plan to link the railway line to Malawi, Democratic Republic of Congo, Rwanda and Burundi.
Southern DR Congo is already connected to Tazara through Zambia Railways. According to Bruno Ching’andu, Tazara CEO, Rwanda, Burundi and Eastern DR Congo will be linked through the Seleka-Mpulungu section of Tazara in Zambia, where a construction study has already been completed and was only awaiting the financing, Bruno Ching’andu.
Malawi will be connected to the railway line through the envisaged Chipata-Selenje railway link. However, the study for this link is yet to be completed.
Back to The East African: Tanzania, Zambia consider joint oil, gas pipeline
Tanzania, Zambia consider joint oil, gas pipeline
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Tanzania and Zambia are to negotiate a new deal for transport of refined oil and natural gas. PHOTOS | FILE
In Summary
- The talks will centre around either modernising the existing 1,710km Tazama pipeline, which transports crude oil from the Dar es Salaam port to Zambia, or building a parallel pipeline for gas.
- The Tazama pipeline was initially designed to have 1.1 million tonnes of crude oil flowing through it per year, but is currently handling about 600,000 tonnes annually.
- Tanzania had already signed a pipeline deal with Uganda, to construct an oil pipeline from Hoima to Tanga Port for transporting Uganda’s crude oil for export.
Tanzania and Zambia are to negotiate a new deal for transport of refined oil and natural gas.
The talks will centre around either modernising the existing 1,710km Tazama pipeline, which transports crude oil from the Dar es Salaam port to Zambia, or building a parallel pipeline for gas.
Tanzania’s Minister for Foreign Affairs, East African Regional and International Co-operation Augustine Mahiga said the project will be at the top of the agenda when President John Magufuli hosts his Zambian counterpart President Edgar Lungu on a state visit this week.
The Tazama (Tanzania-Zambia Mafuta) pipeline, which runs from Dar es Salaam to Ndola through southern highlands of Tanzania was built in 1968 to feed Zambia with crude oil imports after the Rhodesia colony (now Zimbabwe) under former prime minister Ian Smith imposed sanctions on Zambia, which was one of the frontline states for the liberation of Zimbabwe.
To manage Tazama the two countries formed a joint company, the Tazama Pipeline Ltd, with the government of Zambia owning 66.7 per cent and Tanzania 33.3 per cent.
The Tazama pipeline was initially designed to have 1.1 million tonnes of crude oil flowing through it per year, but is currently handling about 600,000 tonnes annually.
The new project, if endorsed, will enable the transportation of crude oil, refined oil and natural gas.
“It is economically viable to use Tazama to transport gas and refined oil either by using the existing infrastructure or constructing a parallel pipeline,” said Dr Mahiga.
Tanzania is estimated to have about 53.2 trillion cubic feet of natural gas deposits and is planning to build a natural gas plant but is undecided on whether the $30 billion project will be built in Mtwara, Lindi or Dar es Salaam.
Tanzania had already signed a pipeline deal with Uganda, to construct an oil pipeline from Hoima to Tanga Port for transporting Uganda’s crude oil for export.
Dr Mahiga said Tanzania is looking for more business opportunities with Zambia and the two heads of states are expected to sign several deals.
President Lungu’s visit should also see a final plan to revamp the Tanzania-Zambia Railway (Tazara) by contracting a Chinese firm.
Chinese ambassador to Tanzania Lu Youqing told The EastAfrican that a team of experts from Tanzania and Zambia will go to China to negotiate a better deal for revamping the railway before their recommendations are presented to the two heads of states for approval.
Mr Youqing said the management and financing of the project were among the issues being looked at.
Once the recommendations are approved by the presidents, the 1,600km-long Tazara will become the longest railway network linking the East African region with the Southern African Development Community, with connections to Bagamoyo port, as well as a plan to link the railway line to Malawi, Democratic Republic of Congo, Rwanda and Burundi.
Southern DR Congo is already connected to Tazara through Zambia Railways. According to Bruno Ching’andu, Tazara CEO, Rwanda, Burundi and Eastern DR Congo will be linked through the Seleka-Mpulungu section of Tazara in Zambia, where a construction study has already been completed and was only awaiting the financing, Bruno Ching’andu.
Malawi will be connected to the railway line through the envisaged Chipata-Selenje railway link. However, the study for this link is yet to be completed.
Back to The East African: Tanzania, Zambia consider joint oil, gas pipeline
Tanzania, Zambia consider joint oil, gas pipeline
nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican, Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
tutamtoa tongotongo humu ndani JF kisima cha maarifa!
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,426
Nyie hamna lolote, Wabongo, kwani nani aliyeuliza matumizi ya graphite hapa? Sasa kila mtu aje hapa na madini akisema ati haya yanaunda hii haya yanaunda yale, Kwanza Geza wewe ulianzisha Uzi na ni kama huelewi ulichokianzisha!!!
Mwanzi1
JF-Expert Member
- Sep 19, 2016
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Kama hujui, hujui tuu.
Mahmoud Qaasim
JF-Expert Member
- Nov 3, 2007
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na hatojua
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
Bombardier sells two CSeries planes to Tanzania
Presse Canadienne
More from Presse Canadienne
Published on: December 1, 2016 | Last Updated: December 1, 2016 12:14 PM EST
Bombardier's CS300 jet took its first flight at the Bombardier Mirabel site Feb. 27, 2015. Dave Sidaway / Montreal Gazette
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Bombardier Inc. will sell two CSeries aircraft to the government of Tanzania, its first order in seven months for the commercial planes.
The total order is for two CS300 planes and one Q400. By catalogue prices, the order is estimated to be worth about $203 million U.S. The planes will be operated by national carrier Air Tanzania.
The last CSeries order was in April, when U.S. carrier Delta Air Lines confirmed the purchase of 75 CS100s, a firm order valued at $5.6 billion U.S., based on catalogue prices.
Bombardier (TSX:BBD.B) delivered its first CS300 — the largest plane in the CSeries family — to Latvia’s airBaltic. That plane, which can carry up to 160 passengers, will make its first commercial connection Dec. 14, between Riga and Amsterdam. AirBaltic ordered a total of 20 CS300s.
So far, the Montreal-based airplane manufacturer has recieved 360 firm orders for its new aircraft, including 235 for the CS300.
Bombardier sells two CSeries planes to Tanzania
Presse CanadienneMore from Presse Canadienne
Published on: December 1, 2016 | Last Updated: December 1, 2016 12:14 PM EST
Bombardier's CS300 jet took its first flight at the Bombardier Mirabel site Feb. 27, 2015. Dave Sidaway / Montreal Gazette
Share Adjust Comment Print
Bombardier Inc. will sell two CSeries aircraft to the government of Tanzania, its first order in seven months for the commercial planes.
The total order is for two CS300 planes and one Q400. By catalogue prices, the order is estimated to be worth about $203 million U.S. The planes will be operated by national carrier Air Tanzania.
The last CSeries order was in April, when U.S. carrier Delta Air Lines confirmed the purchase of 75 CS100s, a firm order valued at $5.6 billion U.S., based on catalogue prices.
Bombardier (TSX:BBD.B) delivered its first CS300 — the largest plane in the CSeries family — to Latvia’s airBaltic. That plane, which can carry up to 160 passengers, will make its first commercial connection Dec. 14, between Riga and Amsterdam. AirBaltic ordered a total of 20 CS300s.
So far, the Montreal-based airplane manufacturer has recieved 360 firm orders for its new aircraft, including 235 for the CS300.
Bombardier sells two CSeries planes to Tanzania
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
Uganda, Tanzania set stage for deal on Hoima-Tanga oil pipeline
Uganda and Tanzania are preparing to sign an agreement in December to build a 1,443-kilometre crude export pipeline from Hoima district in western Uganda through Bukoba in northern Tanzania to Tanga on the Indian Ocean coast. TEA GRAPHIC
In Summary
Uganda and Tanzania are preparing to sign an agreement in December to build a 1,443-kilometre crude export pipeline from Hoima district in western Uganda through Bukoba in northern Tanzania to Tanga on the Indian Ocean coast.
The $3.5 billion 24-inch pipeline is expected to transport 200,000 barrels of crude oil per day to Tanga.
“The signing of the inter-governmental agreement in December will enable the two countries to choose a contractor to carry out a front end engineering and design (FEED) study of the pipeline,” said Uganda’s acting petroleum director Robert Kasande.
The FEED will help define cost estimates, scope of financing, and support of internal funding requirements. It will also evaluate options to improve the return on assets.
The inter-governmental agreement will address obligations of each government, land rights issues, dispute resolution, investor obligations, and harmonisation of legal, tax and financial structures.
Mr Kasande said a special purpose vehicle will be formed to build the pipeline, which is expected to be completed in 2020. He said Tullow Oil Plc with its joint venture partners had signed a memorandum of understanding with Uganda on development of a crude oil refinery in the Albertine basin.
READ: Tanzania aims to complete oil pipeline from Uganda in 2020
The crude oil export pipeline will be connected to a central processing facility in the southern part of licenced production areas and another one in the northern part.
Uganda will receive royalties, annual fees, the state’s share of profit from oil and corporate income tax. Revenues from the licences are estimated to average about $1.5 billion per year for the duration of production of the fields.
“About $31 billion has been invested in exploration activities since the first discovery was made in 2006. In the next five years, $10 billion will be invested in field development and $10 billion in infrastructure facilities,” said Mr Kasande.
He said Uganda is expected to conclude negotiations with firms interested in Hoima’s $4 billion crude refinery.
The China Petroleum Pipeline Bureau is among 18 firms interested in taking up 60 per cent shares in the refinery.
A consortium led by RT Global Resources had been selected by Uganda to build the refinery under a public-private partnership arrangement but the government cancelled the deal in July when negotiations broke down.
“Discussions are being held with several interested parties. Once a deal is reached, the government and the lead investor will form a refining company that will undertake financing, construction and operation,” said Mr Kasande.
He said Kenya and Tanzania had confirmed their interest in acquiring 2.5 per cent and eight per cent shares respectively in the refinery while Total SA of France was interested in a 10 per cent equity.
READ: Uganda oil refinery completion date pushed to 2020
Tullow, China National Offshore Oil Corporation (CNOOC) and Total of France each own a third of production licences granted in Uganda to date, with an estimated output of 200,000 to 230,000 barrels of crude oil per day.
CNOOC was in 2013 granted a licence to the Kingfisher field. Uganda in August 2016 issued five production licences in exploration area 2 (EA2) to Tullow and three production licences in Exploration Area 1 (EA I) to Total.
Tullow is the operator of Kasamene-Wahrindi, Kigogole-Ngara, Nsoga , Ngege and Mputa-Nzizi-Waraga oilfields in EA2. Total is the operator of Ngiri, Jobi-Rii and Gunya oilfields in EA I.
Back to The East African: Uganda, Tanzania set stage for deal on Hoima-Tanga oil pipeline
Uganda, Tanzania set stage for deal on Hoima-Tanga oil pipeline
Uganda and Tanzania are preparing to sign an agreement in December to build a 1,443-kilometre crude export pipeline from Hoima district in western Uganda through Bukoba in northern Tanzania to Tanga on the Indian Ocean coast. TEA GRAPHIC
In Summary
- The two countries to sign inter-governmental agreement in December that will enable them to choose a contractor to carry out a front end engineering and design (FEED) study of the pipeline.
- The FEED will help define cost estimates, scope of financing, and support of internal funding requirements. It will also evaluate options to improve the return on assets.
- The crude oil export pipeline will be connected to a central processing facility in the southern part of licenced production areas and another one in the northern part.
Uganda and Tanzania are preparing to sign an agreement in December to build a 1,443-kilometre crude export pipeline from Hoima district in western Uganda through Bukoba in northern Tanzania to Tanga on the Indian Ocean coast.
The $3.5 billion 24-inch pipeline is expected to transport 200,000 barrels of crude oil per day to Tanga.
“The signing of the inter-governmental agreement in December will enable the two countries to choose a contractor to carry out a front end engineering and design (FEED) study of the pipeline,” said Uganda’s acting petroleum director Robert Kasande.
The FEED will help define cost estimates, scope of financing, and support of internal funding requirements. It will also evaluate options to improve the return on assets.
The inter-governmental agreement will address obligations of each government, land rights issues, dispute resolution, investor obligations, and harmonisation of legal, tax and financial structures.
Mr Kasande said a special purpose vehicle will be formed to build the pipeline, which is expected to be completed in 2020. He said Tullow Oil Plc with its joint venture partners had signed a memorandum of understanding with Uganda on development of a crude oil refinery in the Albertine basin.
READ: Tanzania aims to complete oil pipeline from Uganda in 2020
The crude oil export pipeline will be connected to a central processing facility in the southern part of licenced production areas and another one in the northern part.
Uganda will receive royalties, annual fees, the state’s share of profit from oil and corporate income tax. Revenues from the licences are estimated to average about $1.5 billion per year for the duration of production of the fields.
“About $31 billion has been invested in exploration activities since the first discovery was made in 2006. In the next five years, $10 billion will be invested in field development and $10 billion in infrastructure facilities,” said Mr Kasande.
He said Uganda is expected to conclude negotiations with firms interested in Hoima’s $4 billion crude refinery.
The China Petroleum Pipeline Bureau is among 18 firms interested in taking up 60 per cent shares in the refinery.
A consortium led by RT Global Resources had been selected by Uganda to build the refinery under a public-private partnership arrangement but the government cancelled the deal in July when negotiations broke down.
“Discussions are being held with several interested parties. Once a deal is reached, the government and the lead investor will form a refining company that will undertake financing, construction and operation,” said Mr Kasande.
He said Kenya and Tanzania had confirmed their interest in acquiring 2.5 per cent and eight per cent shares respectively in the refinery while Total SA of France was interested in a 10 per cent equity.
READ: Uganda oil refinery completion date pushed to 2020
Tullow, China National Offshore Oil Corporation (CNOOC) and Total of France each own a third of production licences granted in Uganda to date, with an estimated output of 200,000 to 230,000 barrels of crude oil per day.
CNOOC was in 2013 granted a licence to the Kingfisher field. Uganda in August 2016 issued five production licences in exploration area 2 (EA2) to Tullow and three production licences in Exploration Area 1 (EA I) to Total.
Tullow is the operator of Kasamene-Wahrindi, Kigogole-Ngara, Nsoga , Ngege and Mputa-Nzizi-Waraga oilfields in EA2. Total is the operator of Ngiri, Jobi-Rii and Gunya oilfields in EA I.
Back to The East African: Uganda, Tanzania set stage for deal on Hoima-Tanga oil pipeline
Uganda, Tanzania set stage for deal on Hoima-Tanga oil pipeline
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,426
Signed a deal with Uganda some years back, then it changed after knowing that Kenya will benefit most, but they don't know that they are loosing out!!! Give the deal another least of 4 years, Kenya will be busy exporting its oil!!
Edward Wanjala
JF-Expert Member
- Nov 3, 2016
- 8,122
- 6,426
Huku sisi kenya we walk the talk,
Before Tz or UG wakes up, Kenya will be another 5 fold away from their GDPs
Before Tz or UG wakes up, Kenya will be another 5 fold away from their GDPs
Geza Ulole
JF-Expert Member
- Oct 31, 2009
- 59,219
- 79,480
Edward Wanjala, i assure u will export without a pipeline! And FYI South Sudan is joining the pipeline after DRC Congo! Kenya will never manage to convince a neighbor join a pipeline project on her soil even Somalia that right now is demanding her sea waters back..bwahah
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