President Yoweri Museveni has lashed out at petroleum multinationals pushing for tax waivers as a pre-condition for further development of the country's oil fields, deepening a standoff on the building of the Hoima oil fields which is estimated to have 1.7 billion barrels of crude. Uganda and Tanzania are jointly developing the 1,443-kilometre East Africa crude oil pipeline, from the fields in Hoima, western Uganda, to the port city of Tanga along the Indian Ocean.
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 ... Read more »
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 ... Read more »