Kenya, Uganda leaders meet oil firms

Kenyatta-MuseveniNAIROBI. — Kenya and Uganda’s presidents and oil company executives will meet today to hold further discussions on a route for a pipeline to transport the two countries’ oil, the Kenyan president’s spokesman said yesterday.

Resolving the pipeline route is crucial to helping oil companies involved in Uganda and Kenya to make final investment decisions on developing oil fields.

“President Uhuru Kenyatta will host Ugandan President Yoweri Museveni tomorrow. They will discuss the construction of the Uganda-Kenya oil pipeline, a key plank of the Northern Corridor Infrastructure Projects,” Manoah Esipisu said in a statement.

Last week, Tanzania’s presidency said that Total, which has a stake in Uganda’s crude oil discoveries, had set aside $4 billion to build a pipeline from Ugandan fields to the Tanzanian coast. — Reuters.

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