Dar es Salaam — An initial plan for Tanzania and Uganda to have first oil flow in 2020 through the Uganda-Tanzania Crude Oil Pipe Line (UTCOP) is under threat as investors have been delaying to make final investment decisions, the Ugandan minister for Energy and Mineral Development, Ms Irene Muloni has revealed.
"Indeed, the plan to have the first oil by 2020 is under serious threat because it takes about three years of construction... As I am speaking right now the final investment decision has not yet been made yet," Ms Irene Muloni said.
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