{"id":6012,"date":"2017-05-27T10:18:44","date_gmt":"2017-05-27T10:18:44","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=6012"},"modified":"2017-05-27T10:18:44","modified_gmt":"2017-05-27T10:18:44","slug":"uganda-tanzania-sign-inter-governmental-agreement-east-african-crude-oil-pipeline","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-tanzania-sign-inter-governmental-agreement-east-african-crude-oil-pipeline\/","title":{"rendered":"Uganda,Tanzania sign Inter Governmental Agreement for Crude Oil Pipeline"},"content":{"rendered":"

<\/strong>The Governments of Uganda and of Tanzania have signed the Inter-Governmental Agreement (IGA) for the East African Crude Oil Pipeline (EACOP) Project. The IGA was signed by Uganda\u2019s Eng. Irene Muloni, Minister of Energy and Mineral Development and Tanzania\u2019s Hon. Prof. Palamagamba John A.M Kabudi, Minister for Constitutional and Legal Affairs on behalf of their respective Governments.<\/p>\n

According to Uganda\u2019s Minister of Energy and Mineral Development Eng. Irene Muloni the agreement is the anchor to the pipeline project earlier signed<\/a> between the presidents of both East African states.<\/p>\n

\u201cThe bilateral negotiations for the IGA between the Republic of Uganda and the United Republic of Tanzania commenced in June 2016. The signing of this Foundation Agreement, upon which the implementation of the Project is anchored, is a major milestone,\u201d Eng. Irene Muloni stated.<\/p>\n

She added that the decision to select the Hoima-Tanga route as the least cost route for transporting crude oil from Uganda to the East African Coast (at an estimated tariff of US$12.2 per barrel) was premised on a fiscal incentives package offered by the Government of Tanzania which has been accepted by the Government of Uganda and all related discussions have been completed.<\/p>\n

On his part, Prof. Palamagamba Kabudi, stated that the EACOP Project is a landmark for the two sister nations and that the Tanzanian Government is committed to working hard to expedite its implementation in order to open up the region for further opportunities for trade, and in turn fast track socio-economic development.<\/p>\n

The EACOP Project consists of a 1445km, 24 inch crude oil pipeline that will be constructed from Hoima in Uganda to the port of Tanga in Dar es Salaam, Tanzania, a decision which was agreed in April 2016<\/a>. It is in line with Uganda\u2019s commercialization strategy for the discovered petroleum resources which provides for power generation, establishment of a refinery and export of crude oil.<\/p>\n

The signing of the IGA provides a foundation for other project agreements, including Host Government Agreements, Shareholders\u2019 Agreements and Financing Agreements, which will be entered into for the implementation of EACOP Project. In addition, Environmental and Social Impact Assessment together with Geotechnical and Geophysical Studies will be undertaken in both countries.<\/p>\n

Dr. Stephen Isabalija, Permanent Secretary Ministry of Energy and Mineral Development emphasised that the EACOP Project brings opportunities for National Content Development to both countries.<\/p>\n

\u201cI urge the private sector to take advantage of the opportunities that come along with these developments such as skills development, technology transfer, and opportunities to provide goods and services.\u201d<\/p>\n

On behalf of the licensed oil companies, the General Manager of Total E&P, Mr. Adewale Fayemi expressed their commitment towards the continued progress of the project in the most efficient and professional way for the benefit of all Parties.<\/p>\n

\u201cThe two East African countries have agreed to embark into what will be the longest electrically heated crude oil export pipeline in the world, another record happening in Africa,\u201d he said.<\/p>\n

The EACOP Project is in line with Uganda\u2019s National Oil and Gas Policy and Tanzania\u2019s Energy Policy that provide for promotion of development of suitable transport and storage solutions which give good value to the country\u2019s oil and gas resources.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Governments of Uganda and of Tanzania have signed the Inter-Governmental Agreement (IGA) for the East African Crude Oil Pipeline (EACOP) Project. The IGA was signed by Uganda\u2019s Eng. Irene … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[6177,6178,686,6175,2831,6176,4229,3807,6179,2466,2534,2603],"class_list":["post-6012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-dr-stephen-isabalija","tag-eacop","tag-east-african-crude-oil-pipeline","tag-energy-policy","tag-eng-irene-muloni","tag-environmental-and-social-impact-assessment","tag-minister-of-energy-and-mineral-development","tag-national-oil-and-gas-policy","tag-prof-palamagamba-john-a-m-kabudi","tag-tanzania","tag-total-ep","tag-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/EACOP-IGA-signing-by-Uganda-Tanzania-Ministers.jpg?fit=472%2C315&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1yY","jetpack-related-posts":[{"id":6575,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-lures-drc-east-africa-crude-oil-project\/","url_meta":{"origin":6012,"position":0},"title":"Uganda Lures DRC into the East Africa Crude Oil Project","author":"","date":"November 29, 2017","format":false,"excerpt":"The Uganda government is trying to interest the Democratic Republic of Congo to use the East Africa crude oil project (EACOP) to export its oil. Earlier this week\u00a0Minister of Energy and Mineral Development, Eng Irene Muloni hosted a delegation of Congolese Officials led by the DRC Minister of Hydrocarbons Prof\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/EACOP-route.jpg?fit=632%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/EACOP-route.jpg?fit=632%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/EACOP-route.jpg?fit=632%2C563&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6205,"url":"https:\/\/www.oilnewskenya.com\/index.php\/stanbic-sumitomo-mitsui-ibc-selected-financial-advisors-east-africa-crude-oil-pipeline\/","url_meta":{"origin":6012,"position":1},"title":"Stanbic, Sumitomo Mitsui, IBC Selected As Financial Advisors For East Africa Crude Oil Pipeline","author":"","date":"August 17, 2017","format":false,"excerpt":"Standard Bank Uganda alongside Japan\u2019s Sumitomo Mitsui Banking Corp. will be tasked with raising $3.55 billion required for the Hoima to Tanga 1,445-kilometer (898-mile) pipeline after they were contracted by Uganda, Tanzania and French Oil giant Total who is also the lead joint venture partner on the crude oil export\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/EACOP.jpg?fit=960%2C796&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/EACOP.jpg?fit=960%2C796&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/EACOP.jpg?fit=960%2C796&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/EACOP.jpg?fit=960%2C796&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5344,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-tanzania-sign-mou-to-hasten-oil-pipeline-project\/","url_meta":{"origin":6012,"position":2},"title":"Uganda, Tanzania sign MoU to Hasten Oil Pipeline Project","author":"","date":"October 27, 2016","format":false,"excerpt":"The Joint Pipeline Development Committee (JPDC) and project steering committee consisting of energy officials from Uganda and Tanzania have agreed to fast track the implementation the implementation of the joint Crude oil export Pipeline from Hoima to Tanga port. 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