My thinking is who will invest money in a company that his pipeline project will be blown up everyday! Believe me that pipeline will not see a daylight!
Kojoa ulale kama huna picha za pipeline ya Hoima Tanga.My thinking is who will invest money in a company that his pipeline project will be blown up everyday! Believe me that pipeline will not see a daylight!
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Uganda appoints banks to raise capital for crude oil pipelineKojoa ulale kama huna picha za pipeline ya Hoima Tanga.
Mimi hapana taka maneno mingi nataka picha, natumai ulikojoa ukalala na sasa nakuamsha ulete picha tafadhali la sivyo kojoa uoge.Uganda appoints banks to raise capital for crude oil pipeline
Tullow Oil is jointly developing Uganda’s oil finds with Total and Cnooc
The new crude pipeline will connect Uganda’s Hoima oilfields in the west to the port of Tanga in neighbouring Tanzania. Photograph: iStock
Tue, Aug 15, 2017, 21:41
Standard Bank Group’s Ugandan unit plans to raise $3 billion (€2.56bn) for a crude pipeline by the second half of next year as the east African country prepares to start oil production by 2020.
Oil and gas exploration company Tullow Oil, which was founded in Co Carlow, is jointly developing Uganda’s oil finds with French company Total and Chinese company Cnooc.
Stanbic Bank Uganda was appointed alongside Japan’s Sumitomo Mitsui Banking as joint financial adviser for the 1,445km pipeline, Patrick Mweheire, the chief executive of the Uganda-based business, said in an interview on Tuesday.
He said the companies would explore raising bank debt or loans from export credit agencies among the options they were considering.
The pipeline will connect Uganda’s Hoimaoilfields in the west to the port of Tanga in neighbouring Tanzania.
Ugandan president Yoweri Museveni and his Tanzanian counterpart John Magufulicommissioned the construction of the $3.5 billion (€2.98bn) pipeline earlier this month.
“A lot of activities are going on, a lot of tenders are being made” and expectations are that the final investment decision for the project will be made in the first quarter of next year, Mr Mweheire said.
He said fundraising for the project would not cause “any currency mismatch” because borrowing could be done in dollars. – Bloomberg
Uganda appoints banks to raise capital for crude oil pipeline
MY TAKE
I guess u saw Japanese's Sumitomo Mitsui Banking n Stanbic bank up there!
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Ule Mpango wa kuyashafirisha kwa barabara umeahirishwa mara ng'api vile?Mimi hapana taka maneno mingi nataka picha, natumai ulikojoa ukalala na sasa nakuamsha ulete picha tafadhali la sivyo kojoa uoge.
Mara mingi. Sasa let's picha za hoima tanga pipeline.Ule Mpango wa kuyashafirisha kwa barabara umeahirishwa mara ng'api vile?
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Kama kusafirisha na trucks has become impossible je kwa pipeline? [emoji23] [emoji115]Mara mingi. Sasa let's picha za hoima tanga pipeline.
Wapi picha?Kama kusafirisha na trucks has become impossible je kwa pipeline? [emoji23] [emoji115]
Wacha upumbavu wewe leta picha za financing commitment by any bank to ur pipeline!Wapi picha?
Apana tolea Mimi povu.Wacha upumbavu wewe leta picha za financing commitment by any bank to ur pipeline!
hehehe,hawa mafala vituko full tym.nilifikiri total wanafinance hilo bomba,tena nikukopa😀Wapi picha?
very good analysis
Uganda appoints banks to raise capital for crude oil pipeline
Tullow Oil is jointly developing Uganda’s oil finds with Total and Cnooc
The new crude pipeline will connect Uganda’s Hoima oilfields in the west to the port of Tanga in neighbouring Tanzania. Photograph: iStock
Tue, Aug 15, 2017, 21:41
Standard Bank Group’s Ugandan unit plans to raise $3 billion (€2.56bn) for a crude pipeline by the second half of next year as the east African country prepares to start oil production by 2020.
Oil and gas exploration company Tullow Oil, which was founded in Co Carlow, is jointly developing Uganda’s oil finds with French company Total and Chinese company Cnooc.
Stanbic Bank Uganda was appointed alongside Japan’s Sumitomo Mitsui Banking as joint financial adviser for the 1,445km pipeline, Patrick Mweheire, the chief executive of the Uganda-based business, said in an interview on Tuesday.
He said the companies would explore raising bank debt or loans from export credit agencies among the options they were considering.
The pipeline will connect Uganda’s Hoimaoilfields in the west to the port of Tanga in neighbouring Tanzania.
Ugandan president Yoweri Museveni and his Tanzanian counterpart John Magufulicommissioned the construction of the $3.5 billion (€2.98bn) pipeline earlier this month.
“A lot of activities are going on, a lot of tenders are being made” and expectations are that the final investment decision for the project will be made in the first quarter of next year, Mr Mweheire said.
He said fundraising for the project would not cause “any currency mismatch” because borrowing could be done in dollars. – Bloomberg
Uganda appoints banks to raise capital for crude oil pipeline
MY TAKE
I guess u saw Japanese's Sumitomo Mitsui Banking n Stanbic bank up there!
Sent from my SM-J320F using JamiiForums mobile app
Then the question would be why are their oil companies asking for licence to explore oil in all these places that are not secureMy thinking is who will invest money in a company that his pipeline project will be blown up everyday! Believe me that pipeline will not see a daylight!
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So u mean they don't do that in other parts of EA?Then the question would be why are their oil companies asking for licence to explore oil in all these places that are not secure
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a crap?You miss me?