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Oil pipeline company starts work next month
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Location: project activities will be carried out in Mozambique.
Duration of project: the intended commencement date is Q3 2021 and the period of implementation of the contract will be 60 months from this date.
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Daily Monitor
Saturday May 22 2021
Summary
The tripartite agreement is a composition of the Tariff and Transportation Agreement, host government agreement and the shareholders agreement.
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On April 11, Uganda witnessed the monumental signing of the East African Crude oil Pipeline (EACOP) deal between the governments of Uganda, Tanzania and French Oil giant, Total.
The tripartite agreement is a composition of the Tariff and Transportation Agreement, host government agreement and the shareholders agreement.
The signing of the pipeline deal alleys the fears of those that still think that oil production is a myth and going forward the Petroleum Authority of Uganda has launched the Resettlement Action Plan for the EACOP which gives a go ahead for land acquisition activities that had stalled due to the Covid-19 pandemic.
A man in a business suit offers money (copyright by Shutterstock/Oleksandrum)
Robert Kasande of the Ugandan Ministry of Energy and Mineral Development has announced that compensation to those affected by the Ugandan section of the planned East African Crude Oil pipeline could reach the equivalent to $18 million.
The Resettlement Action Plan (RAP) would be responsible for paying compensation for the cost of land acquisition and resettlement of landowners as well as payments to affected households.
Robert Kasande, speaking on Uganda’s national radio network said, “I want to assure Ugandans that the government has taken the right steps, the process of compensation has just begun and we know the company will display the valuation reports to the residents before payment starts.” He also suggested that landowners would be satisfied by the level of assessed compensation and that there would also be an appeals process.
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