French Total and Chinese CNOOC signed a series of agreements in early April for the construction of the Uganda-Tanzania pipeline. The $ 3.5 billion (3 billion euros) project led by Total and CNOOC provides for the management of oil fields in the Lake Albert region in western Uganda and proposes to transport the crude to the Tanzanian coast via the East African Crude Oil Pipeline (EACOP).
The discovery of crude reserves in 2006 raised hopes in Uganda but mining has since been delayed by trade and tax disputes.
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Total and CNOOC invest in Uganda-Tanzania pipeline
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