Uganda -Tanzania Oil Pipeline is still in the dark

[french]

Sasa unataka tuamini ripoti gani kati ya hizi mbili ulizoleta? Tuamini ile ya kwanza ama hii ya pili? Why are you doing trial and error with statistics?

About this second report, (assuming it's the correct one), it is clearly stated in section (C) just below the table that Amundi holds 8.9% of TOTAL's share capital as of December 31st 2020. Did that pass you as well?

amundi has only 3.1% voting right. I hope we now agree that amundi cannot influence TOTAL's decision

 

[Nicxie]

amundi has only 3.1% voting right. I hope we now agree that amundi cannot influence TOTAL's decision

Tatizo ni kwamba you are choosing what suits your thought of argument. How you saw 3.1% and not 8.9% baffles me!

Kuhusu hiyo 3.1%, you still not getting the point. It is just a voting right which they choose to play with.

It's clearly stated that Amundi said it does not have exclusive voting rights and that it made the decision to have exclusive voting rights only on a number of its shares (85,329,933) which translates to 3.1%. Their overall share capital however, is still 8.9% which "unfortunately passed" your attention.

 

[french]

Tatizo ni kwamba you are choosing what suits your thought of argument. How you saw 3.1% and not 8.9% baffles me!

Kuhusu hiyo 3.1%, you still not getting the point. It is just a voting right which they choose to play with.

It's clearly stated that Amundi said it does not have exclusive voting rights and that it made the decision to have exclusive voting rights only on a number of its shares (85,329,933) which translates to 3.1%. Their overall share capital however, is still 8.9% which "unfortunately passed" your attention.

if you have class A type of shares, it means you have voting right, from the statement, 3.1% of amundi should be class A type of shares and the remaining 5.2% should be class B or prbably C. Therefore, amundi alone has no power to influence TOTAL'S decision. when it comes to decision making, amundi has only 3.1% of power which is class A type of shares.

 

[french]

if you have class A type of shares, it means you have voting right, from the statement, 3.1% of amundi should be class A type of shares and the remaining 5.2% should be class B or prbably C. Therefore, amundi alone has no power to influence TOTAL'S decision. when it comes to decision making, amundi has only 3.1% of power which is class A type of shares.

5.8% sorry and not 5.2%

 

[Nicxie]

if you have class A type of shares, it means you have voting right, from the statement, 3.1% of amundi should be class A type of shares and the remaining 5.2% should be class B or prbably C. Therefore, amundi alone has no power to influence TOTAL'S decision. when it comes to decision making, amundi has only 3.1% of power which is class A type of shares.

Nitakuwa muongo nikisema kwamba haya yote umetoa akilini mwako? Nasema hivyo kwa sababu the article you brought to defend your argument does not state whether there are types A, B, C, or Z of shares held by specific shareholders. You are even using the word "probably". That says a lot about your defence.

 

[french]

Nitakuwa muongo nikisema kwamba haya yote umetoa akilini mwako? Nasema hivyo kwa sababu the article you brought to defend your argument does not state whether there are types A, B, C, or Z of shares held by specific shareholders. You are even using the word "probably". That says a lot about your defence.

you need to analyze the data and,statements. in the real world only class A share holders have voting right, so 3.1% shares of amundi should belong to class A. this is very minimal.

 

[Kafrican]

hayo mafuta still ni mengi sana pipa bil 6 tunatumiaje

Tanzania Kenya Uganda Rwanda zote ni nchi ambazo zimezungukwa na majiraani ambao pia hao hu import mafuta kutoka nje, nina uhakika watumizi tutakua wengi, na tukibakisha pia sisi tutauza mafuta ya petroli kama vile hizo nchi nyengine zinavyotuuzia. e.g kupitia Tanzania mafuta hayo yatauzwa SADC, na kupitia Kenya na Uganda mafuta hayo yatauzwa COMESSA

 

[eliakeem]

if you have class A type of shares, it means you have voting right, from the statement, 3.1% of amundi should be class A type of shares and the remaining 5.2% should be class B or prbably C. Therefore, amundi alone has no power to influence TOTAL'S decision. when it comes to decision making, amundi has only 3.1% of power which is class A type of shares.

You nailed it bro.

 

[eliakeem]

Tanzania Kenya Uganda Rwanda zote ni nchi ambazo zimezungukwa na majiraani ambao pia hao hu import mafuta kutoka nje, nina uhakika watumizi tutakua wengi, na tukibakisha pia sisi tutauza mafuta ya petroli kama vile hizo nchi nyengine zinavyotuuzia. e.g kupitia Tanzania mafuta hayo yatauzwa SADC, na kupitia Kenya na Uganda mafuta hayo yatauzwa COMESSA

What is a current total consumption for SADC, EAC & COMESSA??
Also annual growth for projections.

 

[Kafrican]

What is a current total consumption for SADC, EAC & COMESSA??
Also annual growth for projections.

We don't need to know the total, we just need to know the rate of consmption

Kenya alone consumes the equivalent of 82,000 Barrels Per Day ... The pipeline that Uganda is building to export crude oil has a maximun capacity of transporting 216,000 barrels per day but they estimate it will be doing half of that.

A $3.7B refinery processes about 150,000- 200,000 Bpd So yes, It is totally doable to have a joint refinery plant in EAC that produces enough oil for the consumption of the whole of East and Central Africa.

 

[french]

We don't need to know the total, we just need to know the rate of consmption

Kenya alone consumes the equivalent of 82,000 Barrels Per Day ... The pipeline that Uganda is building to export crude oil has a maximun capacity of transporting 216,000 barrels per day but they estimate it will be doing half of that.

A $3.7B refinery processes about 150,000- 200,000 Bpd So yes, It is totally doable to have a joint refinery plant in EAC that produces enough oil for the consumption of the whole of East and Central Africa.

Business has so many options, what if kenya and the entire EA is not interested in Ugandan oil? uganda has also set aside oil for its own consumption. Still EA can buy from TOTAL/UGANDA. not necessarilly Total has to sell outside EA. imagine Kenya and other EA countries were approched if they could als fund ( buy shares) for this project, they all refused except TZ na UG, why, other EA countries thought that only Tz and UG will benefit from this project and they are not happy.

 

[french]

Business has so many options, what if kenya and the entire EA is not interested in Ugandan oil? uganda has also set aside oil for its own consumption. Still EA can buy from TOTAL/UGANDA. not necessarilly Total has to sell outside EA. imagine Kenya and other EA countries were approched if they could als fund ( buy shares) for this project, they all refused except TZ na UG, why, other EA countries thought that only Tz and UG will benefit from this project and they are not happy.

kenya stated very clearly that it will have (fund) its own pipeline which is not true

 

[nomasana]

3.7B refinery processes about 150,000- 200,000 Bpd So yes, It is totally doable to have a joint refinery plant in EAC that produces enough oil for the consumption of the whole of East and Central Africa.

Bruh...I've been saying that from jump street. A refinery would be FAR more profitable for Uganda not to mention the logistics and petrochemical industry that would come up because of it.

 

[french]

Total gives greenlight in Uganda

Total has taken a final investment decision (FID) on the Lake Albert development, putting Uganda on the path to first oil in early 2025. The

www.energyvoice.com

macron afurahishwa na mradi wa bomba la mafuta


French President Emmanuel Macron has spoken of his support for the East African Crude Oil Pipeline (EACOP).

Macron’s comments came in a letter to Ugandan President Yoweri Museveni, as reported by Ugandan President Yoweri Museveni’s office.

The French president was eager to speed the construction of the pipeline. This construction plan will provide an opportunity to increase the trade between France and Uganda, he said.

“The spirit of dialogue, mutual esteem and respect will enable us to strengthen our bilateral relationship. You can count on me to mobilise French expertise and investors to increase the French economic presence in Uganda and thus give substance to this relationship,” Macron said.

The French president was reported as saying he wanted Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester to visit Uganda.

The minister will help “our mutual desire to intensify our partnership”.

Uganda, Tanzania and Total signed off on the final investment decision (FID) on April 11.

This development “will allow the exploitation and export of oil. This will be a major opportunity to intensify trade between our two countries and to further expand our cooperation,” he said.

Macron also noted bilateral discussions in strategic areas, such as South Sudan, Somalia and tensions around the Great Lakes.

Museveni has transformed Uganda, Macron said, with “economic and human development. This is why I hope that your action will be focused on meeting the new aspirations of the Ugandan youth and that your new term in office will be centred on the full respect for the humanist and democratic values that we share.”

Uganda imported $51.2 million of goods from France in 2020, the statement said, and exported $9mn worth of goods.

Finance pressures

While the French president is keen to support EACOP, banks have come under pressure to reject the plan.

BNP Paribas, Société Générale and Crédit Agricole expressed an unwillingness to participate in April, following similar statements from Barclays and Credit Suisse.

A report this week in the East African newspaper suggested UniCredit has also opted out of the project.

Total must secure around $2.5 billion for the pipeline construction. Uganda and Tanzania are also seeking financing to cover their share of costs.

RECOMMENDED FOR YOUTotal giv

 

[El Capitan]

European Parliament slates EACOP, Lake Albert plans