September, 19th, 2021, Kampala. The Uganda oil and gas project has registered major decisive milestones in the year 2021 at both the Upstream and Midstream levels that open up multiple opportunities. One such key achievement is the conclusion of negotiations for the construction and operationalization of the cross-border crude oil export pipeline, (The East African Crude Oil Pipeline) which will run from Hoima in Uganda to the port of Tanga in Tanzania.
Whereas the EACOP is cross-boundary, only 20% of it shall be constructed on the Uganda side while the 80% shall be in Tanzania. Hence, there is need for service providers from both countries to establish partnerships that support them across borders. Luckily the Governments of both Uganda and Tanzania have put in place local content legal and regulatory frameworks aimed at promoting national participation in the projects and ultimately value retention within the region from mainly the construction phase in which an estimated $3.5billion will be invested.
To complement governments’ efforts, it is imperative that the private sector players in both countries are fully aware of the exact opportunities available and the specific project needs.
It is also important that entities forge working relations to not only help them increase their capacity but also comply with the legal provisions in the respective countries.
Against this background, the Uganda Chamber of Mines and Petroleum (UCMP) , The Private sector foundation Uganda (PSFU) and The Tanzania Oil and Gas service providers have spearheaded a regional private sector partnership that will be launched with the signing of a tripartite MOU amongst the three private sector umbrella bodies on Monday 20th September 2021 at 3:00pm at the Kampala Serena Hotel.
The purpose of the partnership is to further establish formal and informal relations between the private sector community of Tanzania and that of Uganda and the concerned government agencies such as ministries but not limited to the ministry of Energy and Mineral development.
This is also to allow other agencies, municipalities, local or otherwise, multinational donor organization and international NGO’s which have supported and support the Oil and Gas industry in Tanzania and Uganda for the purposes of meeting the same joint goals on national Content development, maximum in country value retention and fostering local joint ventures during the development phase of the cross border oil and gas projects.
The event that shall be a hybrid version with limited number of physical participation, will be graced by H.E Dr. Aziz Ponary Mlima The Tanzanian High Commissioner to Uganda, the Ugandan High commissioner to Tanzania H.E Richard Kabonero, the Permanent Secretary of Uganda’s Ministry of energy and mineral development Ms. Irene Batebe and her Tanzanian counterpart , the Chairman of the Private sector foundation Uganda Hon. Dr Elly Karuhanga, The Chairman of the Uganda Chamber Of Mines and Petroleum Mr. Patrick Mweheire and the Founder and Chairman of the Association of the Tanzania Oil and Gas Service providers Hon Abdulsamad Abdulrahim.
All members of the three private sector bodies are invited and encouraged to attend this event to witness the regional joint efforts in ensuring utmost benefit from the cross border oil and gas projects