Uganda’s President Yoweri Kaguta Museveni has today witnessed the announcement of the Final Investment Decision (FID) for Uganda’s oil and gas Projects by the TotalEnergies EP Uganda, CNOOC Uganda Limited and the Uganda National Oil Company (UNOC). The ceremony, which took place at the Kololo Independence Grounds in Kampala was also attended by Philip Mpango, Vice President of the United Republic of Tanzania. This announcement of FID comes after the signing of key agreements including the Shareholders Holders Agreement (SHA), Tariff & Transportation Agreement (TTA), and Host Government Agreements (HGA) for the East African Crude Oil Pipeline (EACOP), and subsequent…
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Private Sector Foundation Uganda (PSFU) together with Tanzania Private Sector Foundation (TPSF) in partnership with The Ministry of Foreign Affairs through its Uganda High Commission in Tanzania will convene a Tanzania- Uganda Oil & Gas symposium on 25th November, 2021 in Dar-es-Salaam. The symposium will be held under the theme “Enhancing Private Sector Participation in the Oil & Gas Sector.” Tanzania and Uganda enjoy a long-standing diplomatic and economic relationship that has been strengthened by recent developments in the oil & gas industry, principally the East African Crude Oil Pipeline (EACOP) project. It is estimated that during just the construction…
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Recent progress in the Uganda’s long-delayed oil development has brightened Uganda’s longer-term economic prospects following the agreements signed by Uganda and Tanzania on the construction of the US$4bn cross-border oil pipeline between the Lake Albert region in Uganda and the port of Tanga in Tanzania, a research report released by Absa Group on the performance of economies in Sub-Saharan Africa has revealed. “Recent developments in oil and gas industry will transform the economy in the coming years, boosting investment into related sectors and pushing economic growth higher. Total aims to commence oil exports by 2025, with a total of 230,000…
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The African Development Bank has threatened to withdraw funding for the project aimed at building the capacity of Ugandans for opportunities in the oil and gas sector, should the government fail to utilize the funds according to the stipulated terms and conditions. The Bank is funding the East African Crude Oil Pipeline (EACOP) Districts’ Micro, Small & Medium Enterprises (MSME) Business Linkage Project, to make the people along the pipeline corridor ready to access jobs and business opportunities the project is expected to create.The project is being managed by the Petroleum Authority of Uganda and the Ministry of Energy…
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Persons affected by the planned East African crude oil pipeline are calling for court action against the governments of Uganda and Tanzania as well as the oil companies over delayed compensation for the land they were evicted from.Construction of the East African Crude Oil Export Pipeline project is due to start next year, but people along the planned route were evicted almost two years ago, with promises of compensation.In Uganda, the project is planned to cover 296km, affecting people in 10 districts, includingHoima, Kikuube, Kakumiro, Kyankwanzi and Mubende. Others are Gomba, Sembabule, Lwengo, Kyotera and Rakai.In Tanzania, the government is not expected to…
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