Crude Below $50 Throws East Africa's Oil Projects Into Doubt

Updated on
  • Oil discovery held great promise for Uganda and Kenya
  • PwC study says explorers had assumed prices higher than $80

Kenya and Uganda ended months of debate in August to sign an agreement on an oil pipeline costing almost $4 billion. Finding the money to build it and companies to start pumping crude may be a harder task.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.