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New dawn as govt, oil firms seal deal to kick off production

Daily Monitor Sunday April 11 2021 President Yoweri Kaguta Museveni gestures during a meeting with Tanzanian President Samia Hassan that preceded the signing of the the East African Crude Oil Pipeline (EACOP) Tripartite Project Agreement at State House Entebbe on April 11, 2021. PHOTO/PPU Summary Today’s signing of three agreements by the presidents of Uganda and Tanzania, and the head of oil giant Total, has renewed hope that commercial oil production could finally kick off in four years’ time.  Advertisement The government and international oil firms French Total E&P, and China’s Cnooc have today signed off four key agreements for commercialisation of the proposed East African Crude Oil Pipeline (EACOP), bringing to end years of protracted negotiations and setting on course Uganda’s oil project for the next phases of development and production by earliest 2025.

President Samia expected in Uganda for signing of oil deals

President Samia expected in Uganda for signing of oil deals 10 President Samia expected in Uganda for signing of oil deals THE long wait for Uganda s Final Investment Decision for oil and gas could come to an end this Sunday, following talks between government officials and industry leaders from Uganda and Tanzania. Tanzania President Samia Hassan Suluhu is expected in Uganda for talks that should culminate into the signing of the deals on Sunday 11, according to a top official from the Ugandan Ministry of Foreign Affairs. “President Samia will be on her journey in a few hours for talks, which will climax with the signing ceremony on Sunday,” the official said.

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