Africa Matters

Uganda expects to secure $5bln oil pipeline funding early 2023

In February, TotalEnergies and its partner China National Offshore Oil Corporation signed a final investment decision with Uganda and Tanzania to kick-start investments worth more than $10 billion to produce and export Uganda’s crude Uganda’s national oil company (UNOC) expects to secure the funding for a $5 billion crude pipeline that the European Union is opposed to, by early…

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