French Oil Firm Suspends U.S.$3.5 Billion East Africa Deal

Total has suspended plans for a pipeline from Hoima in Uganda to Tanga in Tanzania, after the collapse of a deal to buy a stake in Tullow Oil Plc's oil fields in Uganda. The shared ownership in the project was to be determined upon the completion of the Tullow deal and the project was expected to benefit other countries in the region such as Kenya, South Sudan, Rwanda, Burundi and the DR Congo.

(file photo).

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.