The construction of the pipeline is expected to cost between $ 4.2-$5 billion. So according to Kamuntu, the project is likely to take off when the financing is secured.
Tiffen says that some situations required to repeat the valuation exercise, all leading to more delays but adds that this exercise should end in the first half of this year.
The procession from Kololo Independence Grounds featured students from different schools carrying placards with a uniform message; European Union, Leave Our Oil.
President Museveni told the Uganda Oil and Gas Conference in Kampala that there is no plan to halt the developments of any of the projects, urging the EU MPs not to start a battle.
The legislators were convinced by members of the Green Party, that the current route from Uganda to the Tanzanian coast “goes through 16 protected areas and 230 rivers which serve 44 million Ugandans.”
In his interview with BBC Focus on Africa, Peter Muliisa, the Head of Legal and Corporate Affairs in UNOC said they intended to invite EU legislators on a sensitization tour of the oil projects so that they get informed after a formal communication is sent to Uganda.
EACOP is a 1,443-kilometre crude oil export pipeline that will transport Uganda’s crude oil from Kabaale, Hoima in Uganda to the Chongoleani peninsula near Tanga port in Tanzania. It will have a peak capacity of 246,000 barrels per day.
The Director of Petroleum at EWURA, Eng. Gerald Maganga promised to expedite the process of approval of the construction license from the Tanzanian side.
PAU's Director of Environment, Health, Safety, and Security, Dr. Joseph Kobusheshe says that whoever is looking at opportunities in the Albertine graben must know that it will not be about making profits at the expense of the environment and livelihoods of the people.
With the talks about the shift to cleaner energy operations, some investors in oil and gas operations are cutting investments in Africa’s oil and gas developments.
Johnbosco Habumugisha, the deputy managing director of EACOP told Uganda Radio Network that there are delays in the compensation processes due to lack of National Identification Cards by some of the poject affected persons yet the ID is a pre-requisite for the PAPs to be compensated.
Since 2018, the government has not compensated the project-affected persons yet they stopped using their land. The Petroleum Authority of Uganda (PAU) had also promised to start compensation in December 2020 or early January 2021.
The energy will be used at the six pump stations along the pipeline, two of them located at Kabaale industrial park in Hoima and in Sembabule in Uganda. Pump stations are large industrial facilities that maintain the flow and pressure of oil by receiving oil from the pipeline, re-pressurizing it, and sending it back into the pipeline system.
While EACOP managers reason that construction should start from Tanzania because it has the largest land area coverage of the pipeline, sources indicate that it was decided that they start from the Tanzanian side because of Tanzania's less complicated land tenure system.
Dickens Amanya, the Coordinator Bunyoro Albertine Petroleum Network on Environment Coalition-PAPENECO, says they are getting concerned because there is no official statement from government regarding the matter since Total E$ P announced the suspension.
