Anne Mugisa
24 October 2008
Kampala — CONSTRUCTION of the Kampala - Eldoret oil pipeline to transport petroleum products starts in two months, the Libyan Minister of Economy, Trade and Investment, has said.
Dr Ali Abdulaziz Isawi said the 354 km pipeline will be in place within 20 months from January 2009.
Isawi and the heads of Libyan companies operating in Uganda were on Thursday meeting President Yoweri Museveni at the State House in Entebbe.
The President assured the delegation that the Government would acquire land for the construction of an oil terminal in Jinja, which would facilitate the pipeline, according to a State House statement.
Museveni assured the investors of facilitation to promote their ventures.
The President added that the Government would initially refine diesel and kerosene from the oil in the Albertine region for the local and and the East African region.
The businessmen told Museveni that Uganda Telecom had made a profit of sh9bn since Libyan investors bought shares in the company.
Ministers Ssemakula Kiwanuka, Nelson Gaggawala and the Libyan Ambassador Abdullah Bujeldian attended.
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