(3 Minutes Read)
Uganda is negotiating with Tanzania to import all of its oil products through Dar es Salaam, which would mean an end to imports via Kenya’s Mombasa port. Uganda has been dissatisfied with the longstanding system under which Ugandan fuel companies buy 90% of their supplies through affiliated firms in Kenya. This was disclosed by the Ugandan Energy Minister.
Uganda is negotiating with Tanzania to import all of its oil products through Dar es Salaam, which would mean an end to imports via Kenya’s Mombasa port. Uganda has been dissatisfied with the longstanding system under which Ugandan fuel companies buy 90% of their supplies through affiliated firms in Kenya. This was disclosed by the Ugandan Energy Minister.
In November last year, Uganda announced that it would hand over exclusive rights for the supply of all petroleum products to a unit of global energy trader Vitol. The government planned for imports to still arrive via Kenya, but Energy Minister Ruth Nankabirwa said the Kenyan government refused to grant the required licence.
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https://trendsnafrica.com/uganda-on-oil-hunt-to-beef-up-economy/
Uganda imported USD 1.6 billion worth of petroleum products in 2022, mostly originating from the Gulf. Uganda has its oil reserves but production has not started in earnest yet.
Kenya’s Energy and Petroleum Regulatory Authority and Tanzanian officials did not immediately respond to a request for comment.
