Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-06-22 18:05:00

TANZANIA & UGANDA PIPELINE: $4 BLN

TANZANIA & UGANDA PIPELINE: $4 BLN

 

TANZANIA UGANDA OIL PIPELINE MAP

 

According to WSJ, the Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won't start in August as they originally indicated.

The companies behind what could be East Africa's first major oil pipeline believe the August start-date that Tanzanian officials gave last March for work on the 900-mile pipeline through Tanzania is unrealistic.

But the governments have made more progress in preparing the way for construction to start on the project that would transport Ugandan crude to the Tanzanian port of Tanga on the Indian Ocean, industry officials said.

Tanzanian and Ugandan government officials weren't immediately reachable for comment.

French oil giant Total SA, the UK-based Tullow Oil and Chinese state-owned oil company Cnooc Ltd. are the three firms developing Uganda's oil fields and all three companies are expected to invest in the Ugandan pipeline which will have an estimated capacity of 200,000 barrels a day.

For now, there is no definitive start date for construction in the absence of an official development plan, Total and Tullow officials said. Cnooc couldn't be reached for comment.

With no official development plan in place, it is certain that the construction phase is still several months away.

The overall aim is to keep Uganda on track with the goal of exporting its first crude reserves by 2020. Analysts and developers now say a 36-month timeline is the best- case scenario with work starting as soon as possible. If this was to go ahead as planned construction would be completed in mid-2019 allowing several months for testing and commissioning before the infrastructure became fully operational.

"Bear in mind in this industry, the project development is always long," Damien Steffan, a Total spokesperson, said in an email. "On average, it takes 10 to 15 years between the moment when you make a discovery and the moment of first-oil."

Uganda now ranks as the fourth-largest reserve for crude oil in sub-Saharan Africa with the discovery of 6.5 billion barrels of oil since 2006, of which 1.2 and 1.7 billion are recoverable, according to the International Monetary Fund.

Uganda's break-even price per barrel is estimated to be $60, according to Paul Bagabo, a Uganda-based consultant for the nonprofit organization Natural Resource Governance Institute. That is below current global crude prices, around $50 a barrel.

Mr. Bagabo said the relatively high cost of production in Uganda raises concerns that investors may be tempted to back out of infrastructure development if global prices fail to recover further.

To protect itself from any external oil price shocks, create jobs and provide domestic consumers with products such as gasoline and diesel, Uganda also plans to build a 60,000 b/barrels a day oil refinery in tandem with the pipeline.

"With the refinery we can opt to export while [the pipeline] completes," Mr. Bagabo said. "The refinery is critical for Uganda's specific interest and the interests of economic development."

The Ugandan government is in the final stages of acquiring land for the refinery which will be constructed and operated by the Russian state-owned firm, RT Global Resources, in the country's west near the town of Kabale, he said.

The Ugandan government officially announced its pipeline partnership with Tanzania in late April. This backtracked on a previous understanding with the Kenyan government that Uganda would jointly develop a pipeline that would run through Kenya.

The Tanzanian route, which a commissioned study said was cheaper and safer from attacks from militant groups like al-Shabaab, was also billed as a way to hasten the project.

Total and Tullow were initially at odds over the selected route. Tullow, which also has interests in Kenya's oil fields, supported a Kenyan pathway for the pipeline. In contrast, Total, the biggest stakeholder in Uganda's oil fields, is said to have lobbied hard for an alternative.

-----

Earlier: 

OIL PRICES: UP TO AFRICA 

TOTAL & UGANDA FIGHTING 

NEW AFRICA PRIORITIES 

UGANDA: 85% UP 

TANZANIA OFFSHORE GAS: 216 MB 

AFRICA NEED CONSULTANT 

TANZANIA STEPS UP 

AFRICA: OIL DEMAND UP

 

 

Tags: AFRICA, OIL, PIPELINE, TANZANIA, UGANDA

Chronicle:

TANZANIA & UGANDA PIPELINE: $4 BLN
September, 22, 09:20:00

OIL PRICE: NOT ABOVE $57

International benchmark Brent crude futures were at $56.51 a barrel at 0644 GMT, up 8 cents, or 0.14 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.24 percent, at $50.67 per barrel.

TANZANIA & UGANDA PIPELINE: $4 BLN
September, 22, 09:15:00

СОТРУДНИЧЕСТВО АЛЖИРА И РОССИИ

Руководители энергетических ведомств России и Алжира обсудили состояние и перспективы двустороннего сотрудничества, а также совместную деятельность в многосторонних форматах, в том числе взаимодействие в рамках Форума стран-экспортеров газа. Также речь шла о взаимодействии в рамках соглашения ОПЕК+ по сокращению объемов добычи нефти. Стороны подтвердили приверженность исполнению взятых обязательств по достижению скорейшей ребалансировки нефтяного рынка.

TANZANIA & UGANDA PIPELINE: $4 BLN
September, 22, 09:10:00

ГАЗ РОССИИ ДЛЯ МАРОККО

Александр Новак отметил, что Россия занимает лидирующие позиции в мире в области топливно-энергетического комплекса, в частности, первое место по добыче нефти, второе место по добыче газа. «При этом Россия - номер один по экспорту газа. Мы добываем 670 млрд кубических метров газа, из них 220 млрд поставляем в другие страны различными способами – трубопроводным и сжиженным», - подчеркнул Министр.

TANZANIA & UGANDA PIPELINE: $4 BLN
September, 22, 09:05:00

НОВЫЕ ТЕХНОЛОГИИ РОССИИ

Кирилл Молодцов также сообщил о применении новых технологий в сфере нефтегазодобычи. «Из общего количества технологий, а их насчитывается примерно 600, более 300 производятся в России. Более двухсот имеют российские наработки и аналоги, то есть практически имеют стадию разработки проекта. Есть технологии, которые нас сильно волнуют, и мы будем развивать их дальше. Это абсолютно автономные системы добычи, окончание морских месторождений, забуривание, возможности создания и развития проектов в Арктике», - заключил Кирилл Молодцов.

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