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Uganda, Tanzania Oil Pipeline Project Launch Postponed Over Magufuli Death

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The planned launch of the East African Crude Oil Pipeline (EACOP) project has been postponed, government has announced.

The EACOP was slated to be launched along with the Tilenga Development Project.

The Telenga Project entails the planned development of six oil fields within Contract Area CA-1, License Area LA-2 (North) and Exploration Area EA-1A in the Albertine Graben, Western Uganda. The Project forms part of the wider oil and gas development being undertaken in the Albertine Graben region.

The launch of the projects was scheduled for yesterday March 22.

The Petroleum Authority of Uganda, however, announced that the launched had been pushed to April 2021, following the death of Tanzanian leader John Pombe Magufuli.

“President Magufuli’s astute leadership set a strong foundation for the EACOP project, with key milestones that included the signing of the Inter-Governmental Agreement (IGA) in 2017, and the initialling of the Tanzania Host Government Agreement (HGA) in 2020,” PAU announced.

“The Petroleum Authority of Uganda joins the people of the United Republic of Tanzania in this period of national mourning. Launching of the EACOP project will cement President Magufuli’s legacy in ensuring that oil and gas brings enhanced value and economic transformation to the East African region.”

 



Source – ChimpReports

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