Tanzanian minister of energy, Medard Kalemani, announced the construction of the crude oil pipeline that will transport Uganda’s oil to the Tanga port on Tanzania for next April.
Known as the East African Crude Oil Pipeline (EACOP), this pipeline has been delayed since 2017, partly due to a tax dispute between the Ugandan government and some parties involved in the project. The minister's announcement was made last Friday at the National Assembly when his ministry's budget estimates and expenditures for the fiscal year 2020-2021 were tabled.
Before April 2021, the priorities will be to complete the host government agreements (HGA), a shareholders' agreement (SHA), a land lease agreement (LLA), the port agreement (PA) and the compensation of those whose lands have entered the project, the minister said.
The environmental impact study has already been carried out as well as the sensitization of the communities close to the pipeline. The pipeline will be 1,445 km long and is expected to cost $3.5 billion.
Olivier de Souza
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
The institution said the outlook for commodity prices remains subject to significant risks, including a longer-than-expected duration of hostilities in...
DRC plans new submarine, regional links to boost connectivity Country relies on two cables amid outages, limited redundancy Expansion aims to cut...
Transtu to acquire 48 railcars for metro and TGM lines €160 million EBRD-backed plan supports rail upgrades and expansion Government targets 36...
ArcelorMittal Q1 iron ore output falls 3.2% to 9.7 million tons Liberia operations hit record output amid $1.8 billion expansion Company targets...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....