Daily Monitor
Monday April 12 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
The oil pipeline construction is expected to unlock inflow of $15b, which is more than Uganda’s national budget, providing a range of employment opportunities for Ugandans.
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The chief executive of French oil giant, Total SE, yesterday described as a “momentous occasion in history” the signing in Kampala of the three agreements for development of the proposed East African Crude Oil Pipeline (EACOP).