President Yoweri Museveni of Uganda has signed the East African Crude Oil Pipeline project agreement with his Tanzanian counterpart Samia Hassan Suluhu.
According to Uganda’s foreign minister, Sam Kuteesa, the agreement which was suspended last month to mourn the passing of then Tanzanian president John Magufuli, has now been signed by all parties with commitment for realization of the Equal project.
“The EACOP Tripartite Project Agreement has been signed by all parties with commitment for realization of the Equal project; for the benefit of all people of Uganda and Tanzania in the spirit of East Africa,” Kuteesa said.
Signed in the Ugandan capital Kampala, the EACOP Tripartite Project Agreement would pave the way for the construction of a 1,440 km crude oil pipeline from Uganda’s Albertine region to the Tanzanian seaport of Tanga.
Extraction will take place at two oil fields: the Kingfisher field, which is operated by China National Offshore Oil Corporation Ltd, and the Tilenga field, operated by Total S.A.
The $3.55 billion pipelines could be the longest electrically heated crude oil pipeline in the world. Once completed, more than 10,000 job opportunities will be created during execution, according to Suluhu.