Oil pipeline will unlock investments, says oil expert 

An oil well at Kingfisher Oil Field in Hoima District. PHOTO/Eronie Kamukama

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Uganda’s journey to commercial oil production has started with the three landmark agreements signed by  Ugandan and Tanzanian governments as well as Total, a French oil company and China National Offshore Oil Corporation on April 11

Uganda’s journey to commercial oil production has started with the three landmark agreements signed by  Ugandan and Tanzanian governments as well as Total, a French oil company and China National Offshore Oil Corporation on April 11. These pave way for the construction of the $3.5b East African Crude oil Pipeline that will go through Uganda, ending up at Tanga Port in Tanzania. Prosper Magazine’s Ismail Musa Ladu interviewed Mr James Muhindo, an oil and gas industry expert on the good, bad and ugly of the agreements, 16 years after discovering commercially–viable crude oil deposits.

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