Tanzania, Uganda Finalize Oil Pipeline Deal ...Middle East

Tanzania and Uganda have signed a fifth and final government agreement that will greenlight the construction of a $3.5-billion pipeline that will carry crude pumped in western Uganda to the coast of Tanzania and international markets. The agreement follows another one, signed with partners French Total and Chinese CNOOC last month. The East-African Crude Oil Pipeline (EACOP) project will be a 1,443 kilometer-long (897 miles) pipeline expected to transport oil from Uganda to the Tanga port in Tanzania. Total’s subsidiary, Total East Africa…

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