Tanzanian President Joseph Magufuli is scheduled to travel to Uganda where, together with his counterpart Yoweri Museveni, he will lay a foundation stone for the construction of the oil pipeline.
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This follows a similar launch of the project in Tanzania in August this year.
The oil pipeline will run from the Hoima oil wells in Uganda to the Indian Ocean Port of Tanga in Tanzania.
The Hoima-Tanga crude oil pipeline, the longest of its kind in the world, will cost US$3.5 billion and will be completed by 2020. The pipeline works will be undertaken by Total E&P, CNOOC and Tullow Oil, together with the two governments of Uganda and Tanzania.
According to feasibility studies, the Tanga route was deemed the best for Uganda to transport its oil from the production point in Hoima to the international market.
The Tanga route has convenient flat terrain, is not interrupted by other activities, has the fewest environmental challenges, and provides the shortest schedule for Uganda to see the first oil exports around mid-2020.
The East African crude oil pipeline will on completion carry 216 000 bpd of crude oil for export.
Uganda has so far discovered over 1.5 billion barrels of commercially viable oil.
Read the article online at: https://www.worldpipelines.com/project-news/07112017/ugandan-leaders-to-commission-east-african-oil-pipeline/