newest design use oil production line in uganda

                                               
                                               
                                               
                                               
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  • What is the final investment decision for Uganda's Oil & G projects?
  • 3. Critical among these was the announcement of the Final Investment Decision (FID) for Uganda's Oil and G as projects on February 1 , 2022, which unlocked the inflow of $15 billion US the country'sinto economy. This milestone is unprecedented and undoubtedly largest project in terms of valuethe in the country and the East African region.
  • Why was Uganda's Oil project delayed?
  • Uganda’s final investment decision was initially expected in 2015, but was delayed for another seven years. The reasons included tax disputes, negotiations among contract partners, the compensation and relocation of communities affected by the oil project, and oil price volatility.
  • Who owns the East African oil pipeline?
  • A pipeline company with shareholding from the Uganda National Oil Company (15%), the Tanzania Petroleum Development Corporation (15%), Total Energies (62%) and CNOOC (8%) operates the East African pipeline project. It is important that Uganda’s oil gets to the global market at profitable terms.
  • Is Uganda a good oil producer?
  • Uganda joined the list of prospective oil-producing countries in 2006, with six billion barrels of proven oil reserves in the Albertine Graben, part of the western arm of the east African rift valley. Out of this discovery, 1.4 billion barrels are economically viable for extraction.