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Uganda and Tanzania sign agreement to build $3.5bn oil pipeline

Christian Fernsby ▼ | September 18, 2020
Tanzania and Uganda signed an agreement to allow for the construction of a 989 mile (1,445km) long crude oil pipeline from Uganda's oil fields to Tanzania's port of Tanga on Africa's eastern coast.
Uganda oil
Tanzania   Uganda oil
The pipeline will cost around $3.5bn to construct.

Topics: Uganda Tanzania

The ceremony was attended by both Tanzania's President John Magufuli and Uganda's President Yoweri Museveni.

The Uganda–Tanzania Crude Oil Pipeline (UTCOP), also known as the East African Crude Oil Pipeline (EACOP), is needed so that Uganda can begin commercial production after discovering oil reserves in 2006.

A Tanzania government spokesman announced on Twitter that 80% of the pipeline would run through Tanzania, generating 7.5 trillion shillings ($3.24 billion) for the country and creating over 18,000 jobs over the next 25 years.


 

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