Uganda and Tanzania have signed the East African Crude Oil Pipeline agreement.
This signals the start of the construction of the pipeline that will transport Uganda’s oil from Hoima to the port of Tanga.
Among the agreements signed on Sunday between the officials from the government of Uganda and Tanzania and the oil companies’ CNOOC and Total are; Host Government agreement and the Tariff and Transportation agreement.
Speaking after the signing of the agreement that is over $10billion, President Yoweri Kaguta Museveni, said that he chose to work with Tanzania because of its historical contribution towards Uganda.
Museveni said Tanzania helped Uganda to sort out the political mess that had been created by past leaders.
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