The first joint oil and gas conference was held in Dar es Salaam the commercial capital of Tanzania on the 27th and 28th November 2021.The President of Uganda H.E Yoweri Kaguta Museveni was welcomed by his Tanzanian Counterpart, President Samia Suluhu Hassan. Speaking at the symposium, the Minister for Energy, Hon. Ruth Nankabirwa said government is working around the clock to ensure that the East African Crude Oil Pipeline (EACOP) Bill which is currently before the parliamentary committee on natural resources is passed by parliament as a framework to enable the exportation of Uganda’s crude oil.
According to the Tanzania Private Sector Foundation (TPSF), the symposium will provide a platform for the private sectors of the two countries to network, understand the industry opportunities and challenges, discuss areas of cooperation and showcase their capacities through sharing experiences and interaction with public sector
actors on legal and policy matters that govern the industry in both countries. The 3.5-billion-dollar oil pipeline project is the longest electrically heated pipeline in the world because Uganda’s oil is waxy. The 1,445-kilometer-long East African Crude Oil Pipeline will draw crude oil from wells in Western Uganda (Hoima district) to Tanzania’s seaport of Tanga creating opportunities for the private sector including transportation, security, hotels, foods and beverages, finance, human resource, construction and many more.