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Local Engineers and Building Contractors have been asked to be prepared to tap into the upcoming construction phase by the International Oil Companies (IOCs). Eng. Monica Azuba Ntege, the Minister of Works and Transport during a conference about the opportunities in the oil and gas sector, organized by the Petroleum Authority of Uganda (PAU) said […]
Daily Monitor Monday December 21 2020 CPI says Uganda’s planned oil refinery too costly and likely to lower value of regional pipeline Summary In the seven years since production licences were granted to Total and the China National Offshore Oil Company (CNOOC), the US shale boom and geopolitical shifts among the Organisation of the Petroleum Exporting Countries cartel have contributed to an oil price collapse over 2014-2016. Advertisement This is according to a report by UK-based think tank Climate Policy Initiative (CPI). “Because of the complexity required to refine Uganda’s waxy oil...
Uganda refinery too costly, likely to lower value of regional pipeline - CPI Wednesday December 16 2020 UK-based think tank Climate Policy Initiative said the complexity required to refine Uganda’s waxy oil means capital costs for the Kabaale refinery are very high. PHOTO | FILE Summary Considering EACOP costs are largely fixed, the decision to build the refinery means that the pipeline’s costs get amortised over fewer barrels, meaning that the pipeline cost per barrel would increase. Advertisement This is according to a report by UK-based think tank Climate Policy Initiative (CPI). “Be...
Views: Visits 16 Uganda’s decision to build a refinery has been discouraged on the basis that the facility is not only an expensive venture but also lowers the value of the East African Crude Oil Pipeline (EACOP). This is according to a report by UK-based think tank Climate Policy Initiative (CPI). “Because of the complexity required to refine Uganda’s waxy oil, capital costs of $4 billion for the Kabaale refinery are very high for a refinery which is of very small scale compared with the global market,” said the report titled Understanding the Impact of a Low Carbon Transiti...