Dar es Salaam | THE BLACK EXAMINER | High-Level Meeting in Dar es Salaam: Ugandan Minister Discusses Petroleum Import Policy with Tanzanian President
In a significant development, the Minister of Energy and Mineral Development, Ruth Nankabirwa, engaged in a fruitful discussion with Tanzanian President Samia Suluhu in Dar es Salaam, Tanzania, over the weekend. The discussion centered on a proposed policy for the bulk importation and distribution of petroleum products, aimed at reducing fuel prices.
During the meeting, Minister Nankabirwa presented Uganda’s proposed policy for the bulk importation and supply of petroleum products as a means to lower fuel costs. The Minister’s delegation included Irene Bateebe, the Permanent Secretary of the Energy Ministry, along with other Ugandan government officials.
Minister Nankabirwa explained the potential advantages of the importation policy, which aims to establish an efficient framework for procuring fuel from international suppliers at more competitive prices. The team also provided an update on the progress of the East African Crude Oil Pipeline (EACOP) project, which is set to transport Ugandan crude oil to Tanzania’s Tanga port for export.
Both parties expressed optimism about the economic benefits that the importation policy and the EACOP project could bring. President Suluhu welcomed Uganda’s efforts to make energy more affordable for its citizens, recognizing the importance of accessible energy in driving economic growth and improving living standards.
This development underscores Uganda’s commitment to enhancing its energy sector and fostering regional cooperation in the energy industry. The government remains dedicated to implementing the importation policy and advancing the EACOP project, with the aim of ensuring a sustainable and prosperous future for both Uganda and Tanzania.
In related legislative efforts, Minister Nankabirwa recently presented the “Petroleum Supply (Amendment) Bill 2023” in Parliament. This bill seeks to empower the Uganda National Oil Company Ltd (UNOC) to be the exclusive supplier of petroleum products to licensed oil marketing companies operating in the country. The bill’s objectives include ensuring a secure supply of petroleum products, enhancing stock levels within the country, and contributing to competitive consumer and retail pump prices. This bill also aims to repeal the Petroleum Supply Act of 2003, which currently does not grant UNOC the authority to supply all petroleum imports for the Ugandan market.
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- I'm Nina, a Kenyan-born Tanzanian. I write about politics, business, investment, oil and gas, and climate. Reporting from Nairobi, Kenya. Daily News Tanzania (Tanzania) | Tuko (Kenya) | Eye Radio (South Sudan) | The Black Examiner (Uganda)
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