East African  Crude Oil Pipeline Feasibility Study Presented to Investors

Tens, hundreds and thousands of local and international investors dropped in town at Hotel Africana as consultants for the feasibility study of the East African Crude Oil Pipeline delivered their findings. The 1,445 km infrastructure network that will run from Kabale in Hoima to the Port of Tanga in Tanzania is expected to provide these potential business suppliers with business opportunities worth nearly 10 billion dollars. “I want some information about Pump Stations like size, what kind of logistics would be around the Pump Stations, are they going to have an impact on the local towns around the Pump Stations, and are they going to be permanent?” “If, I am a service provider like in safety and I have been complying and partnered with companies in the UK and UK standards and this is now the US. How are we going to harmonize the standards because standards do differ.”

At the dialogue, the majority were keen to pick up as much detail as possible for the anticipated windfall of Uganda's oil boom. “But I would love to see what we call a trust fund to be able to mitigate any incident that could happen or put some emphasis on some of the other National Parks that can be an alternative, for example, Kidepo National Park.” Said, Boniface Byamukama – Uganda Tourism Association. But the shadowed way is nearly almost hesitant timeframe for kick-starting Pipeline activities and commercialization of Uganda’s Crude Oil was equally evident. “We would like to be assured that we will be ready. How ready do you think we are ready for your estimation?” Said, Elly Karuhanga – Chairman, Chamber of Mines and Petroleum.