After warding off stiff competition from Kenya for years over the building of a crude oil pipeline from Uganda, Tanzania has moved closer to clinching the deal. Critical anchorThe planned Uganda-Kenya Crude Oil Pipeline (UKCOP) was a critical anchor of the multi-billion-shilling Lamu Port-South Sudan-Ethiopia Transport (Lapsset) Corridor. Wanguhu noted that a joint crude pipeline was the most viable option as both oil producers would enjoy economies of scale. The Ugandan and Kenyan Governments have in principle agreed joint initiatives for a crude oil pipeline,” said Tullow in its 2013 annual report. But then in early 2016, Uganda, started having a change of heart, with presidents Museveni and Magufuli announcing plans to build a competing oil pipeline.

Source: Standard Digital September 14, 2020 21:00 UTC