Tanzania agrees on $3.5 billion pipeline project
The 1,443-kilometer (900-mile) pipeline will reportedly transport crude from large oilfields being built in northeastern Uganda's Lake Albert to a Tanzanian port on the Indian Ocean.
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The project will be developed by the China National Offshore Oil Corporation (CNOOC) and France’s TotalEnergies, along with the state-owned Uganda National Oil Company. (Reuters)
Tanzania's government approved the construction of a $3.5 billion crude oil pipeline on Tuesday, as part of a contentious mega-project.
The 1,443-kilometer (900-mile) pipeline will reportedly transport crude from large oilfields being built in northeastern Uganda's Lake Albert to a Tanzanian port on the Indian Ocean.
The pipeline required approval from both nations, and Uganda granted the project operator, the East African Crude Oil Pipeline, a license last month (EACOP).
"This construction approval marks another step forward to EACOP as it allows commencement of the main construction activities in Tanzania, upon completion of the ongoing land access process," EACOP Tanzania general manager Wendy Brown said at a function to receive the approval certificate.
It is being developed in collaboration with the China National Offshore Oil Corporation (CNOOC), TotalEnergies of France, and the state-owned Uganda National Oil Company.
#China is reinforcing its economical presence in #Africa, as the #US scatters to boost its declining investment in the continent, amid fears of losing its influence. pic.twitter.com/G25CD8KtwW
— Al Mayadeen English (@MayadeenEnglish) August 17, 2022
