Magufuli Tells Museveni Not To Be Too Greedy With Oil

Tanzanian President John Magufuli has told Ugandan President Yoweri Kaguta Museveni to stop focusing on the short-term gains in terms of taxing oil companies and focus on the longer-term, benefits saying tax issues were delaying the oil pipeline project. This comes after plans to sign the final investment decision collapsed when Tullow Oil failed to sell 21.5% of its stake for U.S.$900 million to its partners - France's Total E&P and China's CNOOC last week.

President John Magufuli was hosting President Yoweri Museveni at the Tanzania-Uganda Business Forum in Dar es Salaam.

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.