Banks are divided on financing of the East African Crude Oil Pipeline. Courtesy Photo. The government is not concerned about the decision of some international banks to stay away from the financing plans for the East African Crude Oil Pipeline. Several banks in France, where the lead investor in the project, Total, is based,
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By Ali Ssekatawa The assertion that Uganda got a bad deal from the oil and gas projects and will only earn $5 per barrel is not only factually wrong but does not make logical sense. Mr. Hussein Lumumba Amin ignorantly mixes up the economics of the upstream with the midstream.
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Amid a forming storm over the global fossil energy industry, French oil giant Total, changes strategy to wade through the waves of calls for an end to the exploitation of fossil fuels. The strategy includes changing names and going into other industries away from fossils.Fossil fuels are a kind of
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Martin Tiffen, the Manager East Africa Crude Oil Project says it is logical that the construction begins from Tanzania which has a largest land area to cover The Ministry of Energy and Mineral Development has reiterated that no construction project in the oil and gas industry will take place until
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President Samia Suluhu of the United Republic of Tanzania and Uganda's President Yoweri Museveni Museveni at State House Entebbe. They signed oil and gas agreements The recent conclusion of key oil and gas agreements has opened up opportunities for the participation of Ugandans. Speaking at a press conference, Dr. Kitutu
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President Samia Suluhu of the United Republic of Tanzania and her host Yoweri Museveni Museveni at State House Entebbe The government of Uganda and its Tanzanian counterpart have today signed the East African Crude Oil Pipeline agreement that effectively signals the start of the construction of the pipeline that will
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Tanzania's new president Samia Hassan Suluhu The long wait for Uganda's Final Investment Decision for oil and gas could come to an end this Sunday, following talks between government officials and industry leaders from Uganda and Tanzania.Tanzania's new president Samia Hassan Suluhu is due in the country for talks that
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Finance Minister Matia Kasaija The Ministry of Finance is set to withdraw Shs200bn from the Petroleum Fund to finance the 2021/2022 national budget, according to documents tabled before Parliament. The proposal is contained in the Appropriation Bill tabled by Minister of Finance Matia Kasaija and the money is set to contribute to the
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President Museveni (left)and his Tanzania counterpart John Pombe Magufuli (RIP) sign a pact for the East Africa Crude Oil Pipeline (EACOP) project in Tanzania in September last year. PHOTO | Daily Monitor The launch of the Tilenga Development Project and the East African Crude Oil Pipeline (EACOP) project, which was
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By Lindah Nalubanga Research has proved that greater representation of women’s voices is vital for advancing sustainable development for any given community. It is further demonstrated that gender equity and inclusivity in the labour force can drive productivity and innovation, enhance engagement with local communities and ultimately raise profits for
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