Cicero
JF-Expert Member
- Jan 20, 2016
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The business dynamics of Uganda’s oil industry will take a slight shift if the country decides to take up a stake in the crude oil pipeline from Hoima to the Chongoleani peninsula near the Tanzanian port of Tanga.
Uganda and Tanzania intend to take up a combined stake of between 20 per cent and 25 per cent in the crude oil pipeline, four years after the country re-affirmed that the oil pipeline would be a purely private sector-led venture.
Ugandan ministry of energy officials said at the time that they were only committed to building an oil refinery.
Also, it has emerged that the pipeline will take up more oil than earlier thought. Earlier estimates put the amount of oil that would be piped out of Uganda at 120,000 barrels per day.
That figure would then go up with more discoveries although it was pointed out that the refinery would take priority. But with progress on the refinery moving at a slow pace, priority is being given to the crude oil pipeline, with the amounts to be exported shooting to above 200,000 barrels of oil per day.
Uganda and Tanzania intend to take up a combined stake of between 20 per cent and 25 per cent in the crude oil pipeline, four years after the country re-affirmed that the oil pipeline would be a purely private sector-led venture.
Ugandan ministry of energy officials said at the time that they were only committed to building an oil refinery.
Also, it has emerged that the pipeline will take up more oil than earlier thought. Earlier estimates put the amount of oil that would be piped out of Uganda at 120,000 barrels per day.
That figure would then go up with more discoveries although it was pointed out that the refinery would take priority. But with progress on the refinery moving at a slow pace, priority is being given to the crude oil pipeline, with the amounts to be exported shooting to above 200,000 barrels of oil per day.
