Museveni, Total Chief Meet Over oil Development Top story

3470 Views Kampala, Uganda

In short
The meeting comes at the time when two oil companies Total and Tullow, are debating over which route should be used to transport Ugandas crude oil to the refinery at the coast.

President Yoweri Museveni on Tuesday met the Chief Executive Officer of French giant oil firm ,Total, Patrick Pouyanné.

A statement from Total E&P Uganda, say the two discussed issues related to oil in general as well as the projects of Total in Uganda.

Total E&P Uganda, is one of the companies investing in the country's oil and gas sector, alongside UK's Tullow and China's Cnooc.

President Museveni and Patrick Pouyanné discussed avenues to market the Ugandan oil at national, regional and international level.

They shared the view that the crude export route should be primarily selected on the basis of economic criteria, in particular the lowest cost and the reliability and safety of the operations.  


Patrick Pouyanné reportedly told the President that Total favours to transport the crude through Tanzania.

This however differs from Tullow's preference to have the proposed pipeline for transportation of Uganda's crude oil pass through Hoima, Lokichar to Lamu Port as suggested by the Kenya government.
 
According to Total, the route through Tanzania is more economical because of its undulating topography compared with the southern route, where the ground is slopping in extended segments.
 
Total in August this year, appointed Adewale Fayemi, a Nigerian national, as the new general manager of Total E&P Uganda Limited.

Fayemi has according to sources, been negotiating with government to secure production licenses for the company.

Total has submitted five applications for production licenses in the Buliisa, and Nwoya areas.
 
Government is yet to give it a green light. Only Cnooc has a production license for the Kingfisher field.
 
 

 

Mentioned: total uganda