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    DDEP: Government hopeful bondholders will register for programme

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    DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta

    We need IMF bailout in March or economy will crash – Ofori-Atta to pensioners

    Idris Elba adds Ghana to the list of African countries he wants to partner with

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Pensioners to picket at Finance Ministry over DDE

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    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

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    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

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Uganda: Kenyatta, Museveni to Hold Talks Over Oil Pipeline

bycitibusinessnews
March 21, 2016
in Africa, East Africa
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Nairobi — President Uhuru Kenyatta is on Monday expected to hold talks with his Ugandan counterpart Yoweri Museveni on the construction of the Kenya-Uganda oil pipeline.

According to Statehouse Spokesman Manoah Esipisu, this is a key factor in the Northern Corridor Infrastructure Projects.

Esipisu stated that Uganda’s oil producers – Irish company Tullow Oil, French company Total and China’s CNOC – have also been invited to the meeting, which will be held at State House, Nairobi.

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“The pipeline project was designed to move crude oil from the oilfields of Hoima to the Port of Lamu, through Kenya’s own oilfields at Lokichar,” he said.

In a communiqué issued after President Kenyatta’s State Visit to Uganda last August, the two leaders said the development of a crude oil export pipeline needed to be implemented expeditiously.

The statement indicated that the move was meant to ensure there is no delay in commercializing especially Uganda’s petroleum resources which were discovered nine years ago.

In construction of the pipeline, Kenya favours the “northern route” through Lokichar, because as part of the Lamu Port, South Sudan, Ethiopia Transport (LAPSSET) project, it would transform infrastructure and the way of life of the people in the towns and counties across its path.

–

Credit: All Africa

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