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Daily Monitor
Saturday May 22 2021
Summary
The tripartite agreement is a composition of the Tariff and Transportation Agreement, host government agreement and the shareholders agreement.
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On April 11, Uganda witnessed the monumental signing of the East African Crude oil Pipeline (EACOP) deal between the governments of Uganda, Tanzania and French Oil giant, Total.
The tripartite agreement is a composition of the Tariff and Transportation Agreement, host government agreement and the shareholders agreement.
The signing of the pipeline deal alleys the fears of those that still think that oil production is a myth and going forward the Petroleum Authority of Uganda has launched the Resettlement Action Plan for the EACOP which gives a go ahead for land acquisition activities that had stalled due to the Covid-19 pandemic.