African Pipeline Construction Project Treaty Approved
Tanzania’s Parliament has approved the Intergovernmental Agreement between the United Republic of Tanzania and the Republic of Uganda concerning the Pipelines System of the East African Crude Oil Pipeline Project. The treaty, which was ratified by the country’s National Assembly on Sept.11, 2017, is designed to promote efficiency, and protect and address the ownership structure of the $3.5 billion project. It also stipulates areas of cooperation, rights and freedoms for the project’s operators, and government concessions to be provided.
The East African Crude Oil Pipeline is a 1,445 kilometer pipeline system that will connect the oilfields in Hoima to the Chongoleani village in Tanga. Construction of the project is expected to start in early 2018.
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- U.S. House Passes Bill to Reverse Biden's LNG Pause
- Mexico Orders Seizure of Hydrogen Plant at Pemex Oil Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- MEG Energy Confirms Trans Mountain Pipeline Expansion to Begin Line Fill in April
Comments