12 April 2021 6:50 GMT Updated 12 April 2021 7:27 GMT in London
Total and its partners in the long-delayed Lake Albert oilfield development in Uganda are closing in on a final investment decision and lucrative engineering, procurement and construction awards after the governments of the land-locked nation and neighbour Tanzania signed key oil deals.
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The Kampala and Dodoma administrations signed a trio of key deals that finally clear the way for French supermajor Total and main partner CNOOC International of China to get going on their respective Tilenga and Kingfisher oilfield projects, which will be developed together.
Uganda and Tanzania: final agreements for the Lake Albert resources development project worldpipelines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldpipelines.com Daily Mail and Mail on Sunday newspapers.
Daily Monitor
Sunday April 11 2021
President Yoweri Kaguta Museveni gestures during a meeting with Tanzanian President Samia Hassan that preceded the signing of the the East African Crude Oil Pipeline (EACOP) Tripartite Project Agreement at State House Entebbe on April 11, 2021. PHOTO/PPU
Summary
Today’s signing of three agreements by the presidents of Uganda and Tanzania, and the head of oil giant Total, has renewed hope that commercial oil production could finally kick off in four years’ time.
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The government and international oil firms French Total E&P, and China’s Cnooc have today signed off four key agreements for commercialisation of the proposed East African Crude Oil Pipeline (EACOP), bringing to end years of protracted negotiations and setting on course Uganda’s oil project for the next phases of development and production by earliest 2025.
Tanzania s new President expected in Uganda for signing of oil deals energymixreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energymixreport.com Daily Mail and Mail on Sunday newspapers.
President Samia expected in Uganda for signing of oil deals
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President Samia expected in Uganda for signing of oil deals
THE long wait for Uganda s Final Investment Decision for oil and gas could come to an end this Sunday, following talks between government officials and industry leaders from Uganda and Tanzania.
Tanzania President Samia Hassan Suluhu is expected in Uganda for talks that should culminate into the signing of the deals on Sunday 11, according to a top official from the Ugandan Ministry of Foreign Affairs.
“President Samia will be on her journey in a few hours for talks, which will climax with the signing ceremony on Sunday,” the official said.