Uganda, Tanzania and oil firms, sign agreement to build a crude oil pipeline

Tanzanian President Samia Suluhu alongside Uganda’s President Yoweri Museveni [Photo: Citizen TV]

Uganda, Tanzania and oil firms, Total, and China National Offshore Oil Corporation (CNOOC) on Sunday signed agreements, that will kickstart the construction of Kshs a 371.7 billion crude pipeline.

The pipeline will help ship crude from fields in western Uganda to international markets.

The signatories agreed to begin the investment in the construction of infrastructure that will produce and transport the crude oil.

Ugandan President Yoweri Museveni, and Tanzania’s President Samia Suluhu Hassan, on her first official visit in Uganda, attended the signing of the three accords, that included: a host government agreement  for the pipeline, a tariff and transportation agreement, and a shareholding agreement.

This pipeline project can be a core of bigger deployments,” said Ugandan President Yoweri Museveni.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.