East Africa-Based Oil Firms Sorting Issues on Tullow Sale

Uganda's Energy Minister, Mary Goretti Kitutu, has given the approval for Tullow's exit from the country's oil sector, where it has been in operation since 2004, and its sale to Total Uganda. A month after the Uganda government and Total Uganda initiated the Host Government Agreement (HGA) for the East African Crude Oil Pipeline (EACOP), it put pressure on the joint venture partners to finalise several unresolved issues that include reaching a similar HGA with Tanzania for the EACOP. "Discussions that were initiated in the recent past will soon resume", according to Total Uganda General Manager, Pierre Jessua. The final investment decision will reportedly unlock investments in the region of U.S.$8 billion on the oil infrastructure and Kampala terminal.

 

InFocus

Tullow Oil Camp in Uganda (file photo).

AllAfrica publishes around 800 reports a day from more than 100 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.

X