By Spy Uganda
Kampala: According to reports from various sources, Tanzanian new President HE.Samia Hassan Suluhu is expected to fly into Uganda to make the final signings on final investment for oil and gas with Ugandan President Yoweri Kaguta.
According to sources, the duo is expected to hold talks on signing the multi-billion deals on Sunday 11, 2021.
“The Tanzanian president will be on her journey in a few hours for talks, which will climax with the signing ceremony on Sunday,” the official said.
Uganda has delayed the long-awaited launch of its $3.5-billion oil export pipeline through Tanzania following the death of Tanzania’s President John Magufuli.
The launch of the 900-mile project, along with the commencement of work on oil fields operated by Total SE, was originally meant to take place on March 22 but this flopped due to the other counterparts’ sudden death, Uganda Petroleum Authority said.
The EACOP is a 1,443km, 24-inch diameter heated and buried crude oil pipeline that will start from Kabaale, Hoima in Uganda to Chongoleani, Tanga in Tanzania. The pipeline will have a manifold in Kabaale, Hoima, six (06) pumping stations (two (02) of which will be located in Uganda), 27 heating stations and two (02) pressure reduction stations.
Uganda discovered oil around its western border more than a decade ago, but the commercialization of vast crude reserves, estimated to contain as much as 6 billion barrels of crude, has dragged on due to a number of disruptions.