Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Uganda, Tanzania, oil firms sign accords to build $3.5 bln pipeline

Uganda, Tanzania, oil firms sign accords to build $3.5 bln pipeline

ELIAS BIRYABAREMA UGANDA, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. France's Total and China's CNOOC own Uganda's oilfields after Britain's Tullow exited the country last year. The signatories have now agreed to "to start investment in the construction of infrastructure that will produce and transport the crude oil," said Robert Kasande, permanent secretary at Uganda's ministry of energy. Ugandan President Yoweri Museveni and Tanzania's new leader Samia Suluhu Hassan, on her first official…
Read More