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.…
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