{{Rwanda’s economy would soon benefit from exporting petroleum products to some countries in the region following plans to construct an oil storage facility in the counrty.}}
Speaking to a local daily, Christian Rwakunda the Permanent Secretary in the Ministry of Infrastructure said; “it (oil storage facility) will reduce transportation costs. Holding the oil stocks will be an opportunity for Rwanda since it will reduce the cost of transporting fuel into the country.”
Rwanda’s strategic location in the region places it at an advantage compared to Eldoret in Kenya where several regional countries have been importing their petroleum products.
Some regional countries will be importing petroleum products from Rwanda if a plan to construct a regional oil-pipeline that will connect Kigali and Eldoret via Kampala is achieved.
A UK-based company, Penspen, has been subcontracted to conduct a mapping exercise for the oil pipeline connecting Kigali to Eldoret via Kampala.
Pensen company deals in engineering and management services related to oil and gas industry.
The mapping of the oil-pipeline will cost over Frw51 million to be contributed by Rwanda, Kenya and Uganda.
The project is expected to be implemented within the next three years.
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