Total expected to proceed with $5.1 billion Uganda oil projectBy Paul Burkhardt on 4/9/2021(Bloomberg) --Total SE’s likely decision to proceed with a $5.1 billion Ugandan oil project will extend its dominance as the biggest spender in sub-Saharan Africa. The French energy giant, poised to greenlight the plan within days, has been the largest investor in the region since 2012. The final investment decision on a key pipeline -- expected Sunday -- will see Total tap more than a billion barrels of crude from Uganda and ship it across East Africa to the coast. The Ugandan venture isn’t the only African project coming to fruition for Total. Click here to subscribe to the World Oil energy newsletter, and receive exclusive industry news and analysis in your inbox each weekday.

Source: The North Africa Journal April 09, 2021 13:07 UTC