Uganda's first oil 'may not' flow by 2020

The ambitions of the Ugandan government to have its first oil flowing by 2020 may not be possible as the required infrastructure will not be completed by then.
Last week, Standard & Poor’s (S&P Global) released the latest credit rating for Uganda and noted that construction work on the required infrastructure for oil production might only start mid-2018, delaying any earlier than 2020 oil production prospects.
“Although the oil companies involved in the project are expected to make their final investment decisions by the end of 2017, the decision may be delayed until 2018,” S&P said in its rating.

It added: “We understand that the oil-export pipeline will go through Tanzania and the crude oil will be exported from Tanga Port in northern Tanzania. Investments are likely to rise in the second half of 2018.