MK254
JF-Expert Member
- May 11, 2013
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Uganda imekiri ujenzi wa bomba la Hoima-Tanga upo hatarini maana mahesabu yamesababisha wawekezaji kubadili gia na kupunguza kasi. Tanzania wameibuka na mahesabu ambayo wao wanasema yanazingatia faida kwa taifa, ila issue ni kwamba hawakuyataja pale mwanzo wakati wa ushindani.
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An initial plan for Tanzania and Uganda to have first oil flow in 2020 through the Uganda-Tanzania Crude Oil Pipe Line (UTCOP) is under threat as investors have been delaying to make final investment decisions, the Ugandan minister for Energy and Mineral Development, Ms Irene Muloni has revealed.
“Indeed, the plan to have the first oil by 2020 is under serious threat because it takes about three years of construction… As I am speaking right now the final investment decision has not yet been made yet,” Ms Irene Muloni said.
It was expected that the companies would have made their final investment decision last year, meaning by now they would have started constructing the pipeline, which was scheduled to be ready by 2020. Total Oil of France, China National Offshore Oil Corporation and Tullow Oil of the UK are the companies involved in the project.
The financial model seems to be one of the major reasons the companies have not yet made the final investment decision.
“One of the reasons for choosing the Hoima-Tanga route was because it was the least costly, not more than $12.2 per barrel of oil transported through the pipeline. That was the understanding and agreement. But down the road as we are trying to finalise the [negotiations] the financial model brought out different issues, which were going to go beyond what we had agreed upon and therefore that held us back,” she told reporters after a joint Tanzania-Uganda meeting on Friday.
https://www.thecitizen.co.tz/News/T...ces-delays/1840340-4887558-y8cy3nz/index.html
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An initial plan for Tanzania and Uganda to have first oil flow in 2020 through the Uganda-Tanzania Crude Oil Pipe Line (UTCOP) is under threat as investors have been delaying to make final investment decisions, the Ugandan minister for Energy and Mineral Development, Ms Irene Muloni has revealed.
“Indeed, the plan to have the first oil by 2020 is under serious threat because it takes about three years of construction… As I am speaking right now the final investment decision has not yet been made yet,” Ms Irene Muloni said.
It was expected that the companies would have made their final investment decision last year, meaning by now they would have started constructing the pipeline, which was scheduled to be ready by 2020. Total Oil of France, China National Offshore Oil Corporation and Tullow Oil of the UK are the companies involved in the project.
The financial model seems to be one of the major reasons the companies have not yet made the final investment decision.
“One of the reasons for choosing the Hoima-Tanga route was because it was the least costly, not more than $12.2 per barrel of oil transported through the pipeline. That was the understanding and agreement. But down the road as we are trying to finalise the [negotiations] the financial model brought out different issues, which were going to go beyond what we had agreed upon and therefore that held us back,” she told reporters after a joint Tanzania-Uganda meeting on Friday.
https://www.thecitizen.co.tz/News/T...ces-delays/1840340-4887558-y8cy3nz/index.html