Uganda has signed a partnership deal with Tanzania worth $3.5 billion to help develop its oil and gas industry. The three-part agreement will allow a 1443 km pipeline that runs from Uganda’s Albertine basin all the way to Tanzania’s Indian Ocean port of Tanga.
The construction of the pipeline is expected to bring about socio-economic benefits and revenues to the region and also provide at least 10,000 jobs during its construction. The deal was sealed by President Yoweri Museveni and President Samia Suhulu in Entebbe.
The pipeline is poised to become the longest heated oil pipeline in the world and should pump its very first 1.4 billion barrels of commercially viable oil by 2025.