Several banks in France, where the lead investor in the project, Total, is based, have stated that they will not be part of the arrangements to finance the pipeline that will run from Western Uganda to Tanzania’s Tanga Port.
At least 38 CSOs from Uganda and the Democratic Republic of Congo issued a communique rejecting the signing or conclusion of what they called secret agreements for the Tilenga, Kingfisher and East African Crude Oil Pipeline oil projects, until all court cases in various countries are determined. The cases mainly related to issues of human rights and the environment.
A Ugandan source in attendance told URN that the negotiations could go on until Sunday afternoon as the two sides held cards on their chests vouching for how best their countries could benefit from the pipeline project. The pipeline will evacuate Uganda’s oil from the Albertine to the external market.
One of the discrepancies that MPs highlighted was the fact that the supplementary Budget request schedule 5 had been tabled under a non-existent vote. The request had been made under vote 311 which is a vote previously belonging to the Uganda National Oil Company (UNOC) that is now receiving funds under a subvention from the ministry of finance.