Can This Pipeline Unlock East-African Oil Potential?

26 Apr 2016   Uganda

Critical decision over the weekend on one of the world’s most-watched infrastructure developments — in the fast-emerging oil and gas basins of Eastern Africa. That came from a meeting of the so-called East African Community bloc on Saturday. Where countries including Uganda, Kenya, Tanzania, Rwanda and Burundi got together — with one of the biggest items for discussion being the route for a massive new oil pipeline in this part of the world. Here’s why this a big deal. The last several years have seen a lot of oil discovered in both Kenya and Uganda. Onshore Kenya finds by explorers like Africa Oil and Tullow Oil have already reached into the hundreds of millions of barrels. And players like China’s CNOOC are actively developing Uganda’s reserves. None of these mega-plays are selling oil however. Because of a lack of pipelines to move the crude from inland basins to the […]

Comments are closed.