The Minister of Constitutional and Legal Affairs, Prof Palamagamba Kabudi, and Uganda’s Minister of Energy and Mineral Development, Ms Irene Muloni, sign the inter-governmental agreement between Tanzania and Uganda for the East African crude oil pipeline(EACOP) project in Kampala on Friday. PHOTO | ALEX ESAGALA
What you need to know:
The remaining 30 per cent capital, according to sources in Uganda’s Energy ministry, will be raised through equity by the JV partners and national oil companies of the two countries – Tanzania Petroleum Development Corporation (TPDC) and Uganda National Oil Company (Unoc).
