Wednesday, July 2, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Uganda Sees China Oil Pipeline Loans Agreed by April as Timeline Slip

by OUR REPORTER | UG STANDARD
28/10/2023
in OIL & GAS
Reading Time: 1 min read
A A
0
Share on FacebookShare on Twitter
The pipeline will run for 296 km in Uganda from Kabaale to the Uganda-Tanzania border traversing 10 districts covering 171 villages, 2,321 acres of land.
The pipeline will run for 296 km in Uganda from Kabaale to the Uganda-Tanzania border traversing 10 districts covering 171 villages, 2,321 acres of land.

KAMPALA — Uganda said it expects China Export and Credit Insurance Corp., likely to be the biggest lender for the nation’s planned $5 billion crude export pipeline, to approve loans for the project by April.

Initial estimates for the financing to be agreed by this month were affected by internal procedures at the lender, known as Sinosure, Energy Ministry Permanent Secretary Irene Bateebe said in an interview on Thursday. Uganda is engaging with the Chinese company to expedite negotiations and conclude the loan arrangement within the first quarter of next year.

Related posts

Looming unemployment: Farmers, Residents in shock as NEMA boss orders the demolition of multi million chicken farm

30/06/2025
266
Suspects in court on Monday.

Mpigi District boss, District Service Commission Members Charged over illegalities in Job offers

30/06/2025
163

MAUREEN NAMOMA: Digitising Uganda’s Fuel & Hospitality Sectors: Why the Time is Now

30/06/2025
167

Tororo leaders hail Lady Justice Sarah Langa for her Dedication,Mentorship and Integrity

29/06/2025
268

 

The 1,443-kilometer East African Crude Oil Export Pipeline, which links oil fields in landlocked Uganda to Tanzania’s port of Tanga, will be financed on an equity-to-debt basis of 30%-70%, with total debt accounting for about $3 billion, she said.

Sinosure is expected to offer about $1.5 billion debt for the world’s longest heated pipeline, Bateebe said earlier this month.

Discussions are “advanced” for syndicated tranches of loans from African, Asian and Chinese lenders, among others, for the conduit that will carry 216,000 barrels of oil a day from Ugandan fields for export, she said.

TotalEnergies SE is leading the development of the project with a 62% interest, while Uganda National Oil Co. and Tanzania Petroleum Development Corp. each has a 15% stake, and the rest is held by Cnooc Ltd. The East African country, which has as much as 1.4 billion barrels of recoverable oil, plans to start production in 2025.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: East African Crude Oil Pipeline CompanyFeaturedPipelineUganda

Related Posts

The first batch of coated line pipes for the East African Crude Oil Pipeline arrives in Kyotera District, Uganda, marking significant progress in the $5 billion project
ANALYSIS

2024: Uganda’s Oil Sector Marks Significant Progress Amidst Challenges

by LILIAN MUWONGE | UG STANDARD REPORTER
31/12/2024
0
209

Mr Martin Tiffen - Managing Director_ EACOP Company leads a tour of the coating plant facility KAMPALA, Uganda — As...

Read moreDetails

Africa leads on energy reform, sparking green power surge ahead of COP27

27/07/2022
150
Nj Ayuk is the founder and chief executive officer of the Centurion Law Group, a Pan-African Corporate Law. He is the Executive Chairman of the African Energy Chamber (PHOTO/Courtesy)

Africa should embrace its fossil fuels – including coal – to secure Africa’s energy future

19/03/2025
168
The State of African Energy 2025 Outlook provides an overview of the dynamics of Africa’s involvement in the global LNG sector

Africa’s Role in Global Liquefied Natural Gas Markets: Potential and Risks

11/02/2025
217
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4362 shares
    Share 1745 Tweet 1091
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3917 shares
    Share 1567 Tweet 979
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2660 shares
    Share 1064 Tweet 665
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3322 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1783 shares
    Share 713 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

The Gazelles

Gazelles summoned to start preps for 2025 Afrobasket

02/07/2025
Makerere University announces the release of 2025/2026 self-sponsored undergraduate admission lists, detailing successful direct entry A-Level applicants

FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists

02/07/2025
President Museveni assents to nine new bills, including key tax amendments, to boost Uganda's domestic revenue and fiscal discipline for the 2025/26 financial year.

Museveni approves nine new tax laws to bolster revenue

02/07/2025
Nile Breweries Head of Marketing Wangechi Gitahi with Solly Sebola, Chargé d'Affaires at the South African High Commission.

Nile Special, URU engage South African High Commission on Rugby events

01/07/2025
Rotary District 9213 Gov. Geoffrey Kitakule speaks at a press conference Tuesday at Protea Hotel Kampala.

New Rotary Governor Kitakule calls for collaboration as new year begins

01/07/2025

CNOOC Uganda, Chinese team hold medical camp in Kikuube District

01/07/2025
Uganda Breweries MD Andrew Kilonzo with his team with the award

Uganda Breweries Earns Prestige Trophy for 25 Years of Quality

01/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Gazelles summoned to start preps for 2025 Afrobasket
  • FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists
  • Museveni approves nine new tax laws to bolster revenue
  • Nile Special, URU engage South African High Commission on Rugby events
  • New Rotary Governor Kitakule calls for collaboration as new year begins
  • CNOOC Uganda, Chinese team hold medical camp in Kikuube District

OpED

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

Open Letter to the Chief Justice: Your Silence on Corruption is Very Loud

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d