Uganda, Tanzania agree to study possibility of crude oil...

Uganda, Tanzania agree to study possibility of crude oil pipeline

Uganda and Tanzania have signed an agreement to explore the possibility of building a crude oil pipeline between the two countries, Uganda’s Ministry of Energy and Mineral Development said on Monday.
“The (agreement) creates a working framework for the potential development of a crude export pipeline from Hoima to Tanga Port of Tanzania,” the ministry said in a statement.

“The objective is to select a route that will result in the lowest unit transportation cost that constitutes the most viable option for the crude export pipeline,” it said.