Kenya Starts Talks With Uganda on Financing for Oil Pipeline
- Pipeline to ferry crude pumped by Tullow may cost $4.5 Billion
- Financing of Project 'a Complex Process, but Not Impossible'
This article is for subscribers only.
Kenya started talks with neighboring Uganda on the financing and construction of an oil pipeline that will link the two countries and ferry crude produced by companies including Tullow Oil Plc, the Kenyan Energy Ministry said.
Discussions that also looked at project time frames and involved officials from both East African countries began this week, Joseph Njoroge, the ministry’s principal secretary, said in a phone interview from Nairobi, Kenya’s capital, on Wednesday. The negotiations follow an announcement by Kenyan President Uhuru Kenyatta on Aug. 10 that the route for the conduit had been agreed after months of debate.