Uganda, Tanzania Seal $3.5-Bln Oil Pipeline Deal ...Middle East

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Uganda, Tanzania Seal $3.5-Bln Oil Pipeline Deal
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Uganda, Tanzania, and two oil majors inked a deal for the construction of a $3.5-billion pipeline that will carry Ugandan oil to the Tanzanian coast, from where it will reach international markets. Reuters reports that the governments of the two countries signed the relevant agreements with French Total and Chinese CNOOC, which are operators of Uganda’s oilfields, after they bought them from Tullow Oil last year. The East-African Crude Oil Pipeline (EACOP) project will be a 1,443-kilometer-long (897 miles) pipeline expected to transport…

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