Tanzania and Uganda are pumped up about pipeline
THE LEADERS of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55 billion (R47.63bn) crude export pipeline that would pump Ugandan oil for international markets.
The 1 445 km-project – set for completion by 2020 – will stretch from landlocked Uganda’s western region, where crude reserves were discovered in 2006, to Tanzania’s Indian Ocean seaport of Tanga.
The project will become “the longest electrically heated crude oil pipeline in the world,” said Guy Maurice, senior vice president of Africa at Total Exploration and Production.
Total is one of the owners of Ugandan oilfields, alongside China’s CNOOC and Britain’s Tullow Oil.
Tanzanian President John Magufuli, flanked by his Ugandan counterpart Yoweri Museveni, urged the three joint venture partners to speed up construction of the pipeline.
“We don’t need to delay the completion of the project for almost three years. They can do it even night and day to get it done faster,” Magufuli said.
Uganda estimates overall crude reserves at 6.5 billion barrels, while recoverable reserves are seen at between 1.4 billion and 1.7 billion barrels.
Yoweri Museveni, president of Uganda, wants the oil pipeline completed as soon as possible.