A PARIS based team of oil experts are in Tanzania to discuss proposed new developments and those already on the drawing board regarding the construction of a 1,410km-long East Africa crude-oil pipeline from Hoima in Uganda through Tanzania to the Indian Ocean.
The team scheduled to depart today from
Julius Nyerere International Airport (JNIA) has been in a meeting with
Tanzania's officials to deliberate on the tax modalities and benefits
for the hosting country - Tanzania regarding the four billion US dollars
project.
Minister for Energy and Minerals, Prof
Sospeter Muhongo has identified the presence of French experts in the
country to follow this week's decision by the Ugandan government to
grant international oil marketing companies -extraction licence at
Ugandan oil rich area -Hoima.
"Uganda has just issued extraction
licences to international oil marketing companies, signifying the
project is at a good stage of its implementation," Prof Mhongo said
during a live broadcast programme aired by Tanzania Broadcasting
Corporation (TBC).
He named the international OIM which has
been granted the green-light to dive into the oil rich Hoima are French
oil giant Total SA, the UK-based Tullow Oil and Chinese state-owned oil
company Cnooc Ltd.
The three firms will develop Uganda’s
oil fields as well as invest in the Ugandan pipeline which will have an
estimated capacity of 200,000 barrels a day.
At least 100,000 new jobs are expected
to be created and the Energy and Minerals Minister says there are more
opportunities for Tanzanians and the East African Community (EAC) member
states to benefit. "Out of the expected 1,410km, about 1,100kmlong
pipeline will be in Tanzania.
The investors are also expected to play
part in the improvement of the Tanga Port where crude oil will be
discharged," he said. Notably, the government in Democratic Republic of
Congo (DRC) is also discussing with Uganda to take up some stake in the
crude oil export pipeline.
According to the Minister, DR Congo is
expected to start export of crude oil at 30,000 barrels a day and
projects to rise to 100,000 barrels at its full capacity production.
"This is very profitable for Tanzania considering we're bordering DR
Congo through Lake Tanganyika.
We expect also the oil and gas reserves
in the lake Tanganyika can be exported via the pipeline," he noted,
identifying the project will help open up new oil and gas explorations
in the country.
Meanwhile, the minister outlined a grand
plan to train local Tanzanians in the oil and gas sector, saying they
expect the country to become the regional hub of oil and gas experts in
10 years.
Mr Muhongo said as it stands now,
Tanzania Petroleum Development Corporation (TPDC) had about 300 experts
and the targets were to get 500 experts. "There are more efforts being
undertaken by the government and development partners including China
and Norway.
We expect to have 1,000 experts in ten
years from now. We want our experts to work all across the region
providing oil and gas expertise," he said.
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