Uganda, Tanzania sign $3.5bn deal with global oil firms

– – The governments of Tanzania and Uganda on Sunday signed a long awaited oil deal with international oil firms—French Total E&P, and China’s Cnooc. The deal worth some $3.5 billion gives way for the commercialization of an East African Crude Oil Pipeline (EACOP). Officials of both countries and the oil firms have been engaged in years of protracted negotiations.… Read More