Tanzanian, Ugandan leaders declare launch of crude oil pipeline project

Source: Xinhua| 2021-05-21 00:30:18|Editor: huaxia
Video PlayerClose

DAR ES SALAAM, May 20 (Xinhua) -- Tanzanian President Samia Suluhu Hassan and her Ugandan counterpart Yoweri Museveni on Thursday declared the launch of a 3.55-billion-U.S.-dollar crude oil pipeline venture.

The two leaders made the declaration in a communique issued after they witnessed a signing ceremony of the host government agreement between Tanzania and the East African Crude Oil Pipeline (EACOP) Company at the State House in the commercial capital Dar es Salaam.

President Hassan and President Museveni directed each state to take all necessary steps required and provide unequivocal support and commitment to realizing and implementing the strategic EACOP project, said the communique read by Tanzanian Minister for Foreign Affairs and East African Cooperation, Liberata Mulamula.

According to Mulamula, the two leaders also reaffirmed their commitment to deepen bilateral cooperation in other areas of mutual interest, including trade, infrastructure, and transport.

The pipeline will be a heated pipeline because of the waxy nature of Uganda's oil. Uganda has so far discovered over 6.5 billion barrels of oil. Enditem