Asian Oil Companies, IOCs , Join Traditional Supermajors In East Africa

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The future for East Africa’s oil and gas industry is bright. One leading indicator is that the exploration and development of the oil and gas sector have become powerful magnets for increasing foreign direct investment (FDI) in the region over the last 12 years with the addition of Asian NOCs and smaller independents oil companies are scrambling for solid ground in East Africa’s oil and gas sector.

Some years back, European major oil companies such as France’s Total, Royal Dutch Shell, US supermajor ExxonMobil,  Singapore’s Pavilion Energy and UK-based firm Ophir Energy were the ones dominating the East African oil and gas industry and exploring oil and gas resources.

However, in recent years, many Asian companies  including NOCs from China (CNPC, the China National Offshore Oil Corporation [CNOOC], the China Petroleum and Chemical Corporation have been joined large oil companies of the world.

Also these smaller players which are from Europe such as Tullow Oil, France’s Maurel et Prom and the U.S. firms, Anadarko, Australia’s Swala energy and London based firm Aminex are important because their business operations are focused solely on exploration and producing oil and gas resource whilst those big boys dabble into everything: from discovering, developing, extracting, refining, transporting to marketing oil and gas-related products.

Smaller independent oil companies also have high-risk tolerance in contrast to major oil firms, which may shift investment to the downstream sub-sector of the oil and gas industry in the period of lower oil price.
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Sometimes, they move to other oil-producing countries and leave the gas fields to small independents oil companies.

What Does Saudi Oil Attack Means On Global Oil Supply

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Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, on Sept 14, 2019.PHOTO: REUTERS

LONDON (REUTERS) – The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months.

Here are some facts about the impact on oil supply and spare capacity.

WHY IS IT SO DISRUPTIVE FOR GLOBAL OIL SUPPLIES?

The attack on Saudi oil facilities last Saturday (Sept 14) not only knocked out over half of the country’s production, but it also removed almost all the spare capacity available to compensate for any major disruption in oil supplies worldwide.

The attack cut 5.7 million barrels per day (bpd) of Saudi crude output, over 5 per cent of the world’s supply. But the attack also constrained Saudi Arabia’s ability to use the more than two million bpd of spare oil production capacity it held for emergencies.

The kingdom has for years been the only major oil producing country that has kept significant spare capacity that it could start up quickly to compensate for any deficiency in supply caused by war or natural disaster.

Most other countries cannot afford to drill expensive wells and install infrastructure, then maintain it idle.

 

Before the attack, the Organisation of the Petroleum Exporting Countries (Opec) global supply cushion was just over 3.21 million bpd, according to the International Energy Agency (IEA).

Saudi Arabia – the de facto leader of Opec – had 2.27 million bpd of that capacity. That leaves around 940,000 bpd of spare capacity, mostly held by Kuwait and the United Arab Emirates

Iraq and Angola also have some spare capacity. They may now bring that production online to help plug some of the gap left by Saudi Arabia – but it won’t be enough.

HAVEN’T OPEC AND ITS ALLIES BEEN CUTTING OUTPUT? CAN’T THEY JUST REVERSE THOSE CUTS?

Yes, Opec and its allies such as Russia have cut output to prevent prices from weakening because the market has been oversupplied.

Those cuts aimed to reduce supply by 1.2 million bpd. But much of that was from Saudi Arabia so it now cannot be reversed quickly.

Non-Opec members such as Russia are pumping near capacity, with perhaps only 100,000-150,000 bpd of available additional production.

WHAT ABOUT IRAN?

Iran holds spare capacity but it cannot get the oil to market because of sanctions imposed by the government of United States President Donald Trump.

Iran’s exports have fallen over two million bpd since April. Washington has said Iran was behind Saturday’s attack, so is unlikely to ease sanctions to allow Iran to plug a gap it believes was created by Teheran.

Iran, for its part, said after the attack that it would pump at full volume if sanctions were eased.

AND VENEZUELA?

US sanctions have also impacted the Venezuelan oil industry. But Venezuelan output has been in freefall for years and state oil company PDVSA is unlikely to be able to boost production much even if sanctions were eased.

WHAT ABOUT US SHALE? CAN SHALE PRODUCERS PUMP MORE?

The US has become the world’s top crude producer after years of rapid growth in supply from the shale sector, much of it pumped from fields in Texas. The US has also grown as an exporter, and shipped more crude to international markets in June than Saudi Arabia.

Shale producers can move quickly to pump more when prices rise, and can bring production online in a matter of months.

That is a much faster time line than most traditional oil production.

If the Saudi outage looks like it will be prolonged and oil prices rally significantly, then shale producers will raise output.

But even if shale producers pump more, there are constraints on how much the US can export because oil ports are already near capacity.

SO WHAT HAPPENS NOW? WHAT ABOUT OIL IN STORAGE?

It all depends on how long the outage lasts.

Saudi Arabia, the US and China all have hundreds of millions of barrels of oil in strategic storage. That is the storage that governments keep for exactly this scenario – to compensate for unexpected outages in supply.

They can release oil from strategic storage to meet demand and temper the impact on prices. Mr Trump said on Sunday that he had authorised a release from the US Strategic Petroleum Reserve.

The IEA, which coordinates energy policies of industrialised nations, advises all its members to keep the equivalent of 90 days of net oil imports in storage.

Oil from storage should keep the market supplied for some time, but oil markets will likely become increasingly volatile as storage is run down and the possibility of a supply crunch rises.

The IEA said last Saturday that the markets were still well supplied despite the Saudi disruptions.

“We are massively oversupplied,” said Mr Christyan Malek, head of oil and gas research for Europe, Middle East and Africa at JP Morgan, adding it would take five months of a five million bpd outage to take global crude supply levels back to a 40-year normal average.

“Having said that, this attack introduces a new, irreversible risk premium into the market,” he added.

WHAT HAPPENS IF THERE IS ANOTHER SUPPLY DISRUPTION?

With no spare capacity, future disruptions would cause oil prices to rise. A higher price over time will encourage producers to invest and pump more, while at the same time reducing consumption.

Opec member Libya is in the middle of a civil war, which threatens its ability to continue pumping oil. Another big Libyan disruption would add to the shocks and highlight the lack of spare capacity.

Nigerian exports have also suffered from disruptions.

Even before the Saudi attack, spare capacity was falling.

Consultancy Energy Aspects has said it expects Opec spare capacity to fall to below one million bpd in the fourth quarter from two million bpd in the second quarter of 2019

LP Gas:Harmonizing Development And Growth In Nigeria And Africa

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Did you know Nigerians consumed 600,000MTPA of LPG in 2018? This makes up just 5% of the total households in Nigeria. Nigeria’s consumption in 2008 was 80,000MTPA in 2008 and grew 650% to 600,000MTPA in 2018!  47 per cent of the LPG supply in the country in the first quarter of 2019 was imported while 53 per cent was produced locally.

The fastest growing LPG industry in Africa shows no signs of slowing down and this means that you should see how you can take advantage of this huge growth in the market.

Come join LPG Summit and NLPGA as we take a deep dive into the intricacies of the Nigerian LPG market with the most important stakeholders in the industry as we discuss what is needed to harmonize development and growth in Nigeria and Africa in the coming years. There are 50+ exhibitors from around the globe showcasing their latest LPG solutions and technologies.

>>  View Event Website: http://bit.ly/nigeria-mp

Tune in to representatives from Nigerian LPG Association, World LPG Association, The Global LPG Partnership, the Department of Petroleum Resources, the Nigeria National Petroleum Corporation and also the Vice President of Nigeria who will be making the opening keynote!

Nigeria LPG Summit 2019 will be held from the 26 – 27 November at Federal Palace Hotel in Lagos, Nigeria – Register your seat at the conference here at
http://www.lpgsummit.com/nigeria2019/registration-form/

Pipeline and LNG Progress In East Africa Will Fast Track Energy Market

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Works on the oil facilities and oil and gas field development are key growth drivers for the East African countries including Uganda, Tanzania, South Sudan, Kenya and Mozambique  to join the league of oil-exporting countries

But some are successful and other  country’s first oil production will likely be delayed.

 

  • Kenya sold its first shipment of oil in late August for $12 million, but it’s still years away from turning oil exports into a viable commercial venture.
  • Work on Uganda-Tanzania Crude Oil Pipeline project has been suspended.
  • South Sudan discovered a small oil field in the Northern Upper Nile State, the first in the country since it seceded from Sudan 8 years ago.
  • Mozambique LNG is one of two LNG mega-projects that have been seeking sanction for over four years in Mozambique.

 

Uganda- Tanzania

 The French major, Total has already been suspended work on the $3.5 billion Uganda-Tanzania oil export pipeline. According according to Reuters report , the project has been suspended after the collapse of Uk based firm Tullow oil plan to sell a stake in the project to France’s Total and China’s CNOOC. 

 

According to the report published by fitch solution, Marco research pointed out that due to set back of the project implementation in Uganda the commencement of production would be delayed, likely until 2024 instead of 2022 as initially expected

In May 2019, Uganda announced a second licensing round to cover five blocks in the highly prospective Albertine Graben. Uganda is an attractive investment opportunity combining high-success rates of oil discovery, with a liberalized economy open to international investment.

Read also: Orca Exploration Seeks To Maximize The Value Of Tanzania Operations

Mozambique

US-based firm Anadarko Petroleum June 18 announced a final investment decision (FID) on the Mozambique LNG project. Industry experts predict that Mozambique could become the world’s third-largest exporter of liquefied natural gas (LNG

Jon Lawrence, an analyst with Wood Mackenzie’s sub-Saharan Africa upstream team, said: “Mozambique LNG is one of two LNG mega-projects that have been seeking sanction for over four years in Mozambique. The other is the ExxonMobil-led Rovuma LNG development. With strong LNG demand growth out of Asia, now is Mozambique’s time.”

 

Sitting close to the Asian Market where there is strong LNG demand growth, Mozambique has the opportunity to become a new source of global energy supply.

Kenya

Kenya expects first oil production to begin in 2022. The current 200,000 barrels of oil export is the early oil pilot scheme to test the market of Kenyan oil. Kenya also planning to build a pipeline that will transport crude oil from Lokichar Basin to Lamu Port. The country also plans to build a refinery to replace the one that closed in 2013.

South Sudan

South Sudan is an oil-exporting country. It recently made a discovery of crude oil in the northern oilfields of Adar holding over 5 million barrels of recoverable oil.

 Partnerships and Local Content Collaboration Are Key To Harnessing Oil and Gas Potential In Uganda.

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 Uganda is one of the hot spots for oil development in sub-Saharan Africa

In May 2019, Uganda announced a second licensing round to cover five blocks in the highly prospective Albertine Graben. The second licensing round has been made at an important time for Uganda and the region as the country has moved steadily towards first oil and much of the all-important infrastructure is well underway including the East African crude oil pipeline(EACOP) pipeline and the refinery.

 Read also:     Orca Exploration Seeks To Maximize The Value Of Tanzania Operations

Uganda is an attractive investment opportunity combining high-success rates of oil discovery, with a liberalized economy open to international investment. However, partnerships and local content collaboration are paramount to drive Uganda’s growth in oil and gas opportunities.

 

Top 10 Oil and Gas Companies to Work with In Tanzania and Sub Saharan Africa

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The future for the oil and gas industry in sub-Saharan Africa is bright. Especially with offshore exploration and field development. Important infrastructure is well underway, including the EACOP pipeline and the refinery in Uganda. In addition, Tanzania and Mozambique are some of the new natural gas development in Sub-Saharan Africa.

Furthermore, the downstream fuel industry is rapidly growing across the country, with many big and small players  have plans for aggressive investment and rapid expansion across the country in the coming years

However, the market has changed over the last few years. In a high oil price, the opportunities are different from those in a lower oil price environment.

Despite challenges, there are countless opportunities and possibilities for talented people like you to create or find a great job across the entire value chain of the oil and gas sector.

Suppose your special skills could be used to get more valuable results for different oil and gas employers. Remember, in oil and gas; everything is a result.

Whether you are a job seeker or a job changer, this article will give you insight into the top ten oil and gas companies to work within Tanzania and across Sub-Saharan Africa.

1—Shell Tanzania

www.shell.co.tz

Royal Dutch Shell, usually known simply as Shell Tanzania Limited, is one of the supermajors that dabble into everything: discovering, developing, extracting, refining, transporting, to marketing oil and gas-related products.

Shell Tanzania Limited and its joint venture partners London-based Ophir energy and Singapore-based Pavilion energy operate Area 1 and Area 4 offshore Tanzania.

Shell also partnered with Norway’s Equinor, ExxonMobil. These five firms join forces to build the liquefied natural gas plant (LNG) in Tanzania.

From what I understand, it can be a little bit hard to get hired by major oil and gas companies such as Shell, Exxon Mobil compare to small independent operators, unless you are an engineer, environmental, HSE officer, Financial analyst, Geoscientist, or you have years of oil industry experience. 

Most new industry entrants start by working with a contractor and getting hired by these big boys later. Click here to explore career opportunities at Shell 

2–Equinor

www.equinor.com

Norway’s Equinor (Previously known as Statoil) partnered with Supermajor US Exxon Mobili and Tanzania oil company TPDC. According to the company website, The joint venture is composed of Equinor Tanzania (65%), ExxonMobil(35%), and Tanzania petroleum development corporation (10%) and have 20 trillion cubic feet of natural gas offshore Tanzania.

Job at equinor is highly sought after, so you need to make sure your resume and cover letter are top-notch.

Click to explore a career at Equinor Tanzania.

3–Total Tanzania

www.total.co.tz

Total Tanzania Limited is a Marketing and Services subsidiary of Total, a multinational energy company operating in more than 130 countries and committed to providing sustainable products and services for its customers.

For over 50 years, Total Tanzania limited has remained the leader in the downstream sector of the Tanzania oil and gas industry with an extensive distribution network.Total history since its initial operations in Tanzania in the 1960s and the evolution of its logo and network of service stations

To apply for a position at Tanzania and the Total group, visit the Total recruitment portal here

4–Songas limited

www.songas.com

Songas generates about 180MW of electricity or 25% of the electricity supply in the country. The natural gas transported by pipeline over 225 kms from Songosongo island to Dar es Salaam is responsible for maintaining the gas pipeline wayleave. Excess gas is used by over 28 factories in Dar es Salaam

5–Pan African Energy Tanzania Limited

Mauritius -based firm Pan African energy is the first gas producer in Tanzania. They started producing gas in the Songo Songo field in 2004. Songo Songo field supply gas for power generation to various industrial customer

6–Halliburton

www.Halliburton

Get hired by Halliburton, and you could travel the world. HAL is one of the largest service oil field companies in the world and has two segments. Oil field services and engineering and construction division. Don’t expect to get hired as unskilled labor, and the company does very specialized work. However, the company has many departments, including HR, IT, Accounting, Logistics, and procurement, and offers a broader range of opportunities for many professions.

7–Maurel & Prom Exploration and Production Tanzania Limited

France’s Maurel et Prom involved in exploration and production, and supply of natural gas in Tanzania. The company started to produce natural gas in 2015 at Mnazi Bay gas field

8–Aminex

It is also known as Ndovu resources Limited. K-based Aminex smaller independent Oil and Gas Production and Development Company. The company has a small gas-producing field in Kiliwan North started producing gas in 2016. According to their website

“The Company has finalized the Chikumbi-1 executive drilling and completions programs, has identified and selected the service companies required to operate all aspects of drilling and, based on a competitive tender process, has selected Sakson Drilling and Oil Services DMCC to drill the Chikumbi-1 well.”

To explore career opportunities, visit the company website  here

9–East Africa Crude Oil Pipeline Project(EACOP)

www.eacop.com

EACOP is the operator 1445 kilometer Uganda Tanzania crude oil export pipeline. Once finished will be the longest heated pipeline globally, despite the recent announcement about suspending the project. I firmly believe the projects will come online as expected once all disagreement resolves.

To explore the position on the project, visit the EACOP website and click on the “Jobs&Tenders” segment. Their website has a comprehensive listing of job openings. Click  Click here to view jobs openings.

10– Intertek

Do you have some experience in nondestructive testing (NDT) and inspection? Do you have a background in chemistry?

If your answer is “Yes” then you should consider a career at Intertek. Because I always see the company advertise to for chemist and lab personnel

Intertek provides petroleum and chemical testing services as well as electrical safety testing and performance testing.

Click here to explore a career at Intertek

Information on fraud Risks

Be careful to screen the fake ads and real ads in your search for oil and gas jobs in Tanzania and Sub-Saharan Africa.

In my experience, actual companies will list their company names and provide a company email address—fake companies always use emails associated with Gmail or Yahoo accounts. Genuine employers will not charge you to apply for a position. Resolve yourself to sending personal information to an unknown company or recruitment agencies.

 

Somalia ready to attract global participation with offshore licensing round

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Following the signing of a new Petroleum Law and Revenue Sharing Agreement in May of this year, as well as the unveiling of its first ever offshore licensing round (15 blocks covering 75,000 sq. km), the Horn of Africa nation is keen to show the world that it is open for business.

The law breathes new life into a dormant Somali oil and gas sector – several concessions were awarded to the majors in the late 1980s, but Civil War erupting in the country led to a force majeure declaration. Since the government collapse in 1993, insecurity and lack of infrastructure have largely rendered the region a no-go for western companies, leaving local warlords and militias to claw out territories.

Read also: Orca Exploration Seeks To Maximize The Value Of Tanzania Operations

Almost 30 years later, Somalia is ready to shake-off past woes and attract global participation. This effort is being spearheaded by Minister of Petroleum and Mineral Resources, Abdirashid Mohamed Ahmed, who recently commented, “this year is a landmark in the development of Somalia’s natural resources…the Ministry has worked successfully with the federal member states to create an equitable and transparent framework to develop natural resources for the greater good of Somalia”.

As part of its efforts, Somalia is expected to honour most legacy contracts. An agreement has already been reached with Shell and ExxonMobil to settle rental fee payments for offshore blocks (part of a dormant joint venture). However, it does not seem that either company is rushing back into the country, with Shell stating that “the payment does not affect force majeure status, which remains in place”.

Despite this, Mr Ahmed has reason to hope that investment will begin to flow into Somalia. Seismic surveys conducted by British companies Soma Oil & Gas and Spectrum Geo suggest the country has promising offshore oil reserves of up to 100 billion barrels. What’s more, recent oil finds in Uganda and huge gas discoveries offshore Tanzania and Mozambique mean that oil companies have flocked to East Africa in recent years – Somalia could well become a beneficiary of this trend.

Mr Ahmed is attending Africa Oil Week 2019 in Cape Town this November. He will use this opportunity to lay out the future vision and objectives of the Somali national oil and gas sector in front of financiers and operators. The summit’s Director of Government Relations, Paul Sinclair, commented, “we are working closely with the Minister to ensure that the global private sector benefits from exclusive opportunities going live in a Somali National Showcase at Africa Oil Week”.-APO Group.

(With Inputs from APO)

Orca Exploration Seeks To Maximize The Value Of Tanzania Operations

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Orca exploration who operates the songo songo gas field in Tanzania under its subsidiary Pan African energy Tanzania Limited announced the appointment of  RBC capital markets to review strategic alternatives for the Company under the direction of a special committee of independent directors, says a press release issued on 5th September 2019.

The review will include the evaluation of alternatives for the return of capital to shareholders and business combination opportunities.

Also Read:   Five Key Recent Developments Impacting The Oil and Gas

 

“Orca is currently evaluating several options to increase production to meet forecast gas demand both under the terms of the existing license and any possible license extension. This includes the preparation of a development plan for compression and the drilling of wells in Songo Songo North and their connection to the National Natural Gas Infrastructure. Details including the associated capital cost of this plan will be disclosed as appropriate” says a company in a press release.

In the meanwhile, the company  announces  that David Ross has been named the Chairman of the Board

 David currently holds the position of Non-Executive Director (“NED”) at Orca. Also, Frannie Leautier, Ebbie Haan and Carole Wainaina  have been appointed to hold the position of  Non-Executive Directors   as two of Orca’s existing Non-Executive Directors, William Smith and Glenn Gradeen, step down from the Board effective September 3, 2019

The announcement has followed in support of the company’s current business plan to maximize the value of Tanzanian operations and develop its assets base.

Orca exploration who operates the songo songo gas field in Tanzania through its subsidiary Pan African energy Tanzania Limited announced the appointment of  RBC capital markets to review strategic alternatives for the Company under the direction of a special committee of independent directors, says a press release issued on 5th September 2019.

Also Read:   Five Recent Developments Impacting The Oil and Gas

The review will include the evaluation of alternatives for the return of capital to shareholders and business combination opportunities.

“Orca is currently evaluating several options to increase production to meet forecast gas demand both under the terms of the existing license and any possible license extension. This includes the preparation of a development plan for compression and the drilling of wells in Songo Songo North and their connection to the National Natural Gas Infrastructure. Details including the associated capital cost of this plan will be disclosed as appropriate” says a company in a press release.

In the meanwhile, the company  announces  that David Ross has been named the Chairman of the Board

 David currently holds the position of Non-Executive Director (“NED”) at Orca. Also, Frannie Leautier, Ebbie Haan and Carole Wainaina  have been appointed to hold the position of  Non-Executive Directors   as two of Orca’s existing Non-Executive Directors, William Smith and Glenn Gradeen, step down from the Board effective September 3, 2019

The announcement has followed in support of the company’s current business plan to maximize the value of Tanzanian operations and develop its assets base.

5 Key Recent Developments Impacting The Oil and Gas

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Here are top five articles about recent developments impacting the oil and gas industry in Tanzania and sub-Saharan Africa.

 

Development #1:  Total Suspends Planned $3.5 billion Uganda-Tanzania Oil Pipeline

Total SA has suspended its planned $3.5 billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil Plc’s oil fields in Uganda.

Full article

Development #2:    South Sudan Makes New Oil Discovery in Adar

South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth said.

Full article

Development#3:   Oil exploration: Panoro Energy announces new discovery in Gabon

The independent Norwegian oil Exploration and Production (E&P) company Panoro Energy ASA has made a new oil discovery further to the drilling of  the Hibiscus Updip well on the Dussafu Marin Permit, offshore Gabon, the company announced on Friday 30th August in a press release.

Full article

Development#4:U.S. Exim Bank Seeks Vote On $5 Billion to Mozambique LNG project.

The U.S. Export-Import Bank said on Thursday its board intends to vote on a $5 billion direct loan for the development of a liquefied natural gas (LNG) project in Mozambique, the bank’s biggest export financing deal in years.

Full article

 

Development #5: Over 1500 youths undergo intense skilling for jobs in oil and gas sector

As part of ongoing efforts to prepare Ugandans for jobs in upcoming infrastructure projects such as oil and gas sector, Solid Rock Uganda is equipping over 1500 youths with intense skills in areas of construction, pipe rifting, carpentry and rigging among others.

Full article

 

 

 

 

Uganda Will be Able To Get Cash To Build the Proposed $3.5 billion Oil Pipeline

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Bloomberg) — Uganda will be able to get the cash it needs to build a planned $3.5 billion oil-export pipeline, with financiers ready to commit funds as soon as a final investment decision is made, according to Stanbic Bank Uganda Ltd.

The project has attracted “a lot of interest” and raising capital “is not a problem,” Stanbic Chief Executive Officer Patrick Mweheire said Tuesday in Kampala. The pipeline, which is crucial to plans by Total SA, Cnooc Ltd. and Tullow Oil Plc to tap the country’s first oil, has faced opposition from lobby groups who have voiced concern over its potential environmental impact.

Uganda, with discoveries of 6 billion barrels of oil resources, is targeting the start of production in 2022, while the 216,000-barrel-a-day pipeline would begin operations the following year. The government has said that an FID to develop the finds and build the pipe could unlock as much as $20 billion of investment.

Read also:Three Industry Experts Share How Collaboration Between Operators and Service Providers Can Drive Cost Effectiveness and Increase Efficiency In Oil and Gas Projects in East Africa.

Standard Bank Group said in June it was reviewing a request by lobbyists to withdraw from funding the proposed pipeline. The lives of as many as 14,500 people along its route could be affected, according to the request, which was signed by organizations including U.K.-based Global Witness.

Stanbic and Japan’s Sumitomo Mitsui Banking Corp. are the lead arrangers for financing of the 900-mile conduit, seeking to raise $2.5 billion in debt funding. Total, Cnooc and Tullow will also provide funds, as will the government.

“There are a lot of people sitting on the sidelines; funding for the pipeline can be raised,” Mweheire said. “We are all working collectively for FID.”

An investment decision on the pipeline, which would run from Hoima in Uganda’s oil region to the Tanzanian port of Tanga, is targeted later this year.

To contact the reporter on this story:
Fred Ojambo in Kampala at fojambo@bloomberg.net