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[RCM
23.03.2008]
Kampala, 20.03.2008(JANA) In the presence of the Leader of
the Revolution and the Presidents Yoweri Museveni of Uganda,
Mwai Kibaki of Kenya, Paul Kagame of Rwanda, Pierre
Nkurunziza of Burundi and Abdullah Yussuf of Somalia, an
agreement for the establishment of a pipeline to transport
oil products between Kampala and Kigali was signed and
establishment of Libyan-Ugandan Company to implement the
pipeline was declared in the Ugandan capital last night.
The
pipeline is 580 km long.
The
Libyan Oil Holding Company was awarded to implement the
pipeline to supply Rwanda, Burundi, Sudan, Democratic
Republic of Congo and Tanzania with oil products.
The
company will start, next month, the required technical,
environmental and economical studies to implement the
project.
Chairman of the Board of the Libyan Oil Holding Company
delivered a presentation on the different phases of the
pipeline implementation.
He said
the positive economic outcomes of Libya-Africa Investment
Portfolios in the African countries, by the virtue of the
Leader's advices, started to formulate a materialized stage
of economic change in these countries, which will
consolidate Africans' knowledge and scientific capabilities.
Chairman of the Board of the Libyan Oil Holding Company
clarified that the strategic oil projects being implemented
by the company within investment backage in Africa will be
in the interest of the Libyan people and the African people
as well.
President Museveni renewed his pride of the deep relations
with the Leader of the Revolution since their first meeting
in Libya in 1981 and their continuous spiritual,
intellectual dialogue; underlining in this respect that the
Leader of the Revolution has always been keen to get him
acquainted with Islam and that the Leader dedicated him a
copy of the holy Qu’ran several years ago; he said they
discuss the holy Qu’ran whenever they meet, indicating that
construction of the Grand Mosque is an outcome of this
dialogue.
President Museveni reviewed in his speech Great Jamahiriya's
continuous support to Uganda through a series of economical
projects, especially in the field of investment. He said
Great Jamahiriya is keen to manufacture indigenous raw
materials to achieve high revenues from its investment
projects in Uganda.
President Museveni gave an example of two Libyan investment
projects for coffee and cotton industrial products. He said
(Libya, by its investments, will assist us to construct
cotton refining plant in order to improve cotton prices from
one dollar for exported raw cotton to 10 dollars for locally
manufactured cotton. Libya will also invest in coffee
industry; establishment of coffee factory in Uganda is
underway. Besides other Libyan investment in telephone
communications.
On his
part, President Paul Kagame of Rwanda highly appreciated
this common African work, which will contribute in
confronting a lot of challenges and in realizing economic
integration between these countries. He said “I would like
to thank you for your diligent work to put these projects
into actual implementation. I would like to thank you for
this constructive work that will help us to confront a lot
of challenges and help us to realize economic and official
integration between these countries”.
In the
signing ceremony, the Leader of the Revolution stressed that
the people's revolution has now started to bear its
economical fruits and the common economic work will continue
by the virtue of the fraternal spirit, confidence and the
common work during the liberation struggle stage.
The
Leader of the Revolution expressed his pride and delight
that the African work became to impose itself in the most
important fields, which is economy, through African-African
companies and cooperation of the African countries, after
foreign colonialist companies' monopolization of this field
finished.
The
Leader of the Revolution reaffirmed that Africa will be
strong with its economical progress by actions not by words.
He
stressed that sincere political will in the African
countries, leaders of which are attending the signing
ceremony, made the work a materialized fact by belief in the
African unity and unity of its capabilities and investment
to wage the battle of transformation from backwardness to
progress and improvement in the interest of people of these
countries.
He
clarified that absence of such sincere political will led to
failure of similar projects in other regions in the
continent.
The
Leader of the Revolution stressed that absence of African
political will despite available material capabilities, made
Africa not to be a strong continent like Europe, America and
China.
In his
speech, the Leader of the Revolution hailed the Libyan side,
which, in line of Libya's duty towards its continent,
challenged lots of difficulties and adopted difficult
projects in closed courtiers, because of a lot of countries,
companies’ investments were not encouraging. |
