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Magufuli, Museveni set to launch crude oil pipe line at Hoima district in Uganda this afternoon

The oil pipeline, the longest of its kind in the world, to cost $3.5 billion, will be completed by 2020 making Uganda join the ranks of oil producing countries.

Magufuli, Museveni set to launch crude oil pipe line at Hoima district in Uganda this afternoon

The oil pipeline, the longest of its kind in the world, to cost $3.5 billion, will be completed by 2020 making Uganda join the ranks of oil producing countries.

09 November 2017 Thursday 14:01
Magufuli, Museveni set to launch crude oil pipe line at Hoima district in Uganda this afternoon

By Azania Post Reporter

PRESIDENT Dr. John Magufuli has arrived at Mtukula border and welcomed by his Ugandan counterpart Yoweri Museveni, where the two leaders will launch construction of the East African crude oil pipeline in Hoima district this afternoon.

A statement issued by Director of Communications at State House, Gerson Msigwa said the launching ceremony on the side of Uganda would be held in Luzinga village in Rakai region.

Already the launching ceremony has been held in the Tanzanian side, where such activity was done by the two leaders at Chongoleani area in Tanga region over two months ago.

Launching the crude oil pipeline in Tanga the two leaders underscored the need for fast integration of the East African community so as to ease the joint planning, financing and implementation of major projects that are crucial for the development and transformation of the region.

The heated crude oil pipe line, the longest of its kind in the world, will cost $3.5 billion and will be completed by 2020 making Uganda join the ranks of oil producing countries.

The pipeline works will be undertaken by Total E&P, CNOOC and Tullow Oil together with the two governments of Uganda and Tanzania. The pipe line, on completion will carry 216,000 barrels of crude oil for export daily.

Azania Post

Updated: 09.11.2017 21:37
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