Total, Uganda Agree on Crude Pipe Issues to Pave Spending
Total SA said it has agreed with Uganda on
issues regarding the host government that will pave the way for a final
investment decision for a crude export pipeline.
The
breakthrough regarding the 1,445-kilometer pipeline was agreed at a meeting
between Ugandan President Yoweri Museveni and Patrick Pouyanné, the Total
chairman and chief executive officer, and will pave way for the investment
decision in the “coming months,” the company said Friday by email from the
Ugandan capital, Kampala.
Total is
now seeking to conclude a similar host government agreement with Tanzania,
whose territory the pipe will traverse, to complete the tendering process for
all engineering, procurement and construction contracts, according to the
statement.
The French
major is leading plans to build the co...