A statement from the government in Uganda said a decision was made by a regional consortium to build a crude oil pipeline through Tanzania. Delegates from Burundi, Ethiopia, Kenya, Rwanda, South Sudan and Tanzania were hosted by the government of Uganda to review oil transit and refinery developments for the region. The U.S. Energy Information Administration said Uganda holds an estimated 2.5 billion barrels of oil reserves. The Ugandan government estimates it could recover about half of that, but if production isn’t in full swing by 2018, the Bank of Uganda warned there may be long-term problems for the nation’s economy. A communiqué issued by the Ugandan government said delegates had embraced decisions to build pipelines […]