M a r k e t N e w s


Posted on : Tuesday , 5th December 2017

 John Magufuli wants investors, the governments of Uganda and Tanzania to accelerate the construction of the East African Crude Oil Pipeline (EACOP). Magufuli wants the pipeline to be constructed in the shortest time possible instead of waiting until 2020.

After completion of key infrastructures like the pipeline and the refinery, Uganda expects to start oil production. However, Magufuli believes that it can be done sooner.
"Let us move forward. Why should we wait until 2020? The investors are here, we have the money, and we have the experts. Investors know in case we start now, they will get the results immediately, so, why should we wait for results until 2020. We need this project now," he said emphatically.
Construction of 1,445 km crude oil pipeline is scheduled to be completed by 2020. The pipeline project, initiated by Total E & P, one of the joint venture oil partners is expected to cost $3.55 billion. Magufuli who is on a three-state visit to Uganda was speaking at Mutukula in Kyotera district, after laying a cross-border mark-stone for the East African Crude Oil Pipeline (EACOP). 
At the same function, the two Presidents also recognized a team of scientists that spearheaded exploration activities leading to the discovery of oil and gas resources. Uganda's Minister of Energy and Mineral Development Irene Muloni said EACOP will support economic growth in the region.
"As a government, we encourage investors to continue supporting national content in the region which is a key factor in our socioeconomic development. We shall put in place the necessary policies, laws, and regulations to ensure that our people are trained, acquire employment and entrepreneurship are boosted," Eng Muloni said.
The government of Uganda will participate in the East African Crude Oil Pipeline (EACOP) project through Uganda National Oil Company (UNOC). "Not only will the project spur infrastructure development for both countries including road network at a port at Tanga, it will also facilitate and boost trade in the region," Muloni added.
She said that constructing the pipeline from Kabaale to Tanga is premised on being the least cost, least risky route. The 1,445-kilometer heated pipeline is poised to become the longest heated crude oil pipeline in the world. It will provide access to Uganda's crude oil to the international market. In August this year, the two leaders laid the first foundation stone in Tanga for the East African Crude Oil Pipeline.

Source : Business News Africa
Featured Companies
  • Bajaj Auto
  • Tire Group International, LLC.
  • /
  • TITAN Containers A/S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  •  Magazine for Africa
  •  Portwest is a global vertical company with over 100 years of experience in the design, manufacture and supply of protective clothing, safety footwear, specialist gloves and PPE to resellers and distributors at the most competitive prices.
  • Dedicated to the Engineering Manufacturing Sector in India
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Engineering Expo, is India’s largest multi-location trade show on manufacturing
  • FAS Flüssiggas-Anlagen GmbH, Salzgitter, is one of the leading manufacturers and suppliers of LPG fittings and components for complete stations for the storage
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Mini plants of toilet paper rolls production
  • Specialty and Custom Chemicals Exhibition
  • Multi feedstock batch processing biodiesel equipment
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  •  EuropCorr is a company specialized in design, manufacturing, sales and consultancy of corrosion monitoring systems mainly for petrochemical, oil and gas industry.
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
  • GLOBE GAS specialises in Multi Cylinder installation, Pipeline Installation, LPG Tank (Bulk) Installation, Designing Kitchen Layout etc.
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • Save your power bill by instaling servo voltage stabilizer.
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • LINTEC doub- le screen technology and the worlds first asphalt mixing plant in 100% ISO sea containers.
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2018 Afrotrade