The New Stuff

Kenya, Uganda Call For Private Investor Bids For New Pipeline


 

Kenya and Uganda have actually released a joint call for private investors to develop and operate an oil pipe in between both nations, as increasing oil discovers take place in the East Africa area.

The brand-new pipe will reach 352 kilometres from Eldoret in Kenya to the Ugandan resources Kampala, reports Reuters, and is anticipated to cost in the region of $ 300 million.

The governments of the two countries jointly invited quotes from personal business to become the financial investment partner for the job, using Kenyan papers today.

“The pipeline will interconnect with the existing 14-inch diameter pipeline running from Nairobi to Eldoret and should be able to transport products to and from Kampala, Uganda and Eldoret, Kenya including spur line in Jinja,” read the statement.

“The project will also include a common user depot at the pipeline terminal in Kampala,” the governments added.

It is intended that the brand-new pipe will guarantee a more steady, safe and effective method of carrying fuel, while also cutting the considerable transportation prices associateded with over-land shipment.

Kenya oil pipelines

Boosting focus has actually been paid to East Africa on the international sector in recent months, as a cord of oil down payments have been discovered in Ethiopia, Kenya and Uganda. Industry players are now trying positions in the advancement of the brand-new finds– as examining of reserves is recurring, although production has not yet begun.

The most recent ask for proposals follows plans for the construction of the pipeline have currently seen substantial delays, having actually been given to Libyan company Tamoil in 2007, but revoked once more in September 2012 due to shortage of improvement and considerable problems.

Recently Published

lg-g-watch-r
»

LG G Watch R Will Offer A Circular Smartwatch With Android Wear In Q4 2014

LG is doubling up on Android Wear smartwatch devices in 2014, with a ...

samsung-gear-s_blue-black_2
»

Samsung’s New Gear S Smartwatch Features A Curved Screen And 3G Connectivity

Samsung officially takes the cake when it comes to launching ...

3d-fatigue
»

The Promise And Perils Of 3D Printer Popularity

And that’s all these crowdfunded 3D printers are: collections of ...

smartphone-repair (1)
»

How to Repair a Broken Screen on a Tablet or Phone

Breaking the screen on your mobile device doesn’t have to mean ...

wireless-signal-boost
»

Pulling a Wireless Signal Out of Thin Air

Acruel fact of life is that mobile operators have a vested interest ...

battery
»

Power to the PC: How to Manage Your Laptop’s Battery

Step 1 Plug the laptop into the wall power whenever it’s ...

smartphone-music
»

How to Get Music Onto Your Smartphone

one of the advantages of carrying a smartphone is that it’s an ...

VODVidi-640
»

Times Media To Launch Vidi VOD

JSE-listed Times Media Group, which owns a range of newspaper and ...

android-security
»

How to Protect Your Android Device from Malware

If you’re in the majority of Android users, your smartphone or ...