M a r k e t N e w s

Tanzania: Presidents to Lay Oil Pipeline Foundation Stone

Posted on : Monday , 13th June 2016

Tanga — President John Magufuli and his Ugandan counterpart Yoweri Museveni are scheduled to lay a foundation stone for the construction of the Uganda oil pipeline, officials have said.

 
At a briefing with Tanga regional leaders Thursday, Tanzania Petroleum Development Corporation (TPDC) director general James Mataragio said they are yet to determine the exact place in Tanga where the stone would be laid.
 
He did not give a specific date but told the meeting attended by Tanga regional commissioner Martine Shigela the function would happen "soon".
 
The deal for Uganda to take its oil to the market through Tanga port was finally sealed in April this year after a backroom tug-of-war pitting Tanzania against Kenya.
 
Mr Mataragio said President Magufuli and his Ugandan counterpart signed the deal for the commencement of the $4 billion project last month on the sidelines of President Museveni's swearing in ceremony in Kampala.
 

Source : allafrica.com
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