President of the Republic of Uganda General Yoweri Kaguta Museveni has on Thursday, dashed to Tanzania on a one-day official visit to conclude on the signing of crude oil pipeline project.
President Samia Suluhu Hassan will continue to keep the dream of her predecessor John Pombe Magufuli who had already entered into the deal with H.E Museveni to finalize oil agreements.
On April 11, President Samia visited Uganda where they signed three key agreements to kick off the construction of the East African Crude Oil Pipeline (EACOP).
The two countries signed the Host Government Agreement, Share Holder Agreement (for the pipeline company) and Tariff agreements.
Partners in the pipeline agreement Total and China National Offshore Oil Corporation also witnessed the signing of the agreements.
The signing of the agreements paved way for the construction of the 1,440 km crude oil pipeline from Uganda’s Albertine region to the Tanzanian seaport of Tanga.
The 3.55-billion-U.S.-dollar pipeline will be the longest electrically heated pipeline in the world. It is heated because of the waxy nature of Uganda’s oil. Uganda has so far discovered over 6.5 billion barrels of oil.
President Museveni becomes the first head of state visiting Tanzania since President Samia was sworn in as head of state on March 19, 2021.