Uganda
Uganda and Tanzania leaders have agreed to build a pipeline from Ugandan oil fields to the Tanzanian coast, connecting landlocked oil fields to the Indian Ocean.
The proposed link will cover 1,120 kilometers at an estimated cost of about $4 billion and its construction will create 15,000 jobs, Tanzania’s president John Magufuli said in a statement.
We discussed plans to build a 1120KM oil pipeline between Tanga and Uganda, which is expected to employ 1500 people. pic.twitter.com/YkzZ174bv5
— Yoweri K Museveni (@KagutaMuseveni) March 1, 2016
The move is expected to strike a blow to Kenyan pipeline plans as statements issued after Ugandan president Yoweri Museveni and his Tanzanian counterpart John Magufuli met on Tuesday did not mention the fate of the Kenyan oil pipeline plan.
In August, Museveni and Kenya’s president Uhuru Kenyatta, had made a joint call to construct a pipeline via Kenya’s northern region.
Tanzania is competing with neighbouring Kenya for the pipeline that will tap Ugandan oil deposits being developed by companies including Total SA of France, China National Offshore Oil Corp. and London-based Tullow Oil Plc.
Go to video
Nigerians struggle with fuel shortages as queues form across major cities
01:11
World Bank suspends funding for Tanzania tourism project
01:02
Pics of the day: April 15, 2024
11:10
Coltan: at the heart of DRC-Rwanda tensions [Business Africa]
00:44
Three Tanzanian soldiers killed in Democratic Republic of Congo
01:16
Kenya, Uganda to end oil import feud over licensing