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23/12/2015 News

Patrick Pouyanné, CEO and Chairman of Total, met with President Yoweri Kaguta Museveni on 22 December 2015

This meeting provided the opportunity to discuss issues related to the oil industry in general, as well as Total’s projects in Uganda. Patrick Pouyanné declared Total’s strong commitment to working towards producing Ugandan oil resources as soon as possible whatever the oil price, being that Uganda’s oil resources are potentially low-cost ones that will be competitive in the market.
In that context, President Museveni and Patrick Pouyanné discussed the studied outlets to market Ugandan oil at national, regional and international levels. They shared the view that the crude export route should be primarily selected on the basis of economic criteria, in particular the lowest cost and the reliability and safety of the operations. From this perspective, Patrick Pouyanné confirmed that Total favours to transport crude through Tanzania.
Patrick Pouyanné insisted on the company’s long-term commitment to Uganda and his willingness to develop the investments of Total along the oil value chain in Uganda, upstream and downstream, to be the country’s partner of choice in the oil sector.