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
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...
Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...
Globe Metals & Mining has again delayed construction of the Kanyika project The mine is expected to become Africa’s first large-scale niobium...
Q4 output expected at about 60,000 ounces, up around 40% from earlier quarters Allied targets up to 205,000 ounces at Sadiola in...
Revised lease introduces sliding-scale royalties linked to lithium prices Royalty rate falls to 5% at current spodumene price levels Parliamentary...
Robex pours first gold at Kiniero, ahead of commercial production in 2026 Mine targets average output of 139,000 ounces a year over nine years Guinea...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...