Monday, November 10, 2014 9:49:10 PM
"A new World Bank Group paper forecasts that the Horn will undergo dramatic and lasting change when oil production starts in Kenya, Uganda, and possibly Somalia and Ethiopia."
per your link.
The World Bank has pledged some $600 million to facilitate the construction of a regional pipeline linking oil fields in Uganda, Kenya and South Sudan, the lender said Monday.
In a statement, the World Bank said that the funds would be provided by its private lending arm, the International Finance Corporation and is part of a $1.8-billion loan to fund various infrastructure projects in the Horn of Africa region, where companies have made a flurry of oil and gas discoveries in recent years.
The 1300-km (806-mile) pipeline is expected to link oil fields to Uganda, South Sudan and Kenya.
The project, which is expected to cost up to $5 billion is expected to help landlocked South Sudan export oil.
South Sudan relies on pipelines that straddle Sudan, from which it broke away, to export some 245,000 b/d of crude.
Civil war in South Sudan has also slashed output by a third.
Uganda and Kenya have discovered huge amounts of crude, but they will require a heated pipeline to export the waxy crude, through the Kenyan port of Lamu.
Recent ERHE News
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/06/2024 07:31:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:06:42 PM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM