Chato, Tanzania (UNA-OIC) – The leaders of Uganda and Tanzania have signed an agreement for the construction of what they say will be the world’s longest heated oil pipeline, linking Uganda’s planned oil fields in the country’s west to the Indian Ocean port of Tanga.
Ugandan President Yoweri Museveni and TanzanianPresident John Magufuli of signed the “host and implementation agreement” Sunday in the remote Tanzanian town of Chato.
Construction of the 897-mile (14,430-kilometer) pipeline is expected to begin in 2021 and will cost an estimated $3.5 billion, according to Ugandan authorities who expressed optimism that money Uganda will earn from its oil deposits will finance ambitious infrastructure projects and launch the country into middle-income status. No further details about the agreement were released, including who will build the pipeline or how it will be financed.
Ugandan President Yoweri Museveni and TanzanianPresident John Magufuli of signed the “host and implementation agreement” Sunday in the remote Tanzanian town of Chato.
Construction of the 897-mile (14,430-kilometer) pipeline is expected to begin in 2021 and will cost an estimated $3.5 billion, according to Ugandan authorities who expressed optimism that money Uganda will earn from its oil deposits will finance ambitious infrastructure projects and launch the country into middle-income status. No further details about the agreement were released, including who will build the pipeline or how it will be financed.
https://sonna.so/en/uganda-tanzania-agree-to-build-worlds-longest-heated-oil-pipeline/
