Presidents Museveni witnesses the signing of the East African Crude Oil Pipeline deal in Tanzania

President Yoweri Kaguta Museveni arrived in Tanzania’s capital Dar es Salaam Thursday morning for a one-day official visit to witness the long awaited signing of an agreement between the government of Tanzania and investors of the East African Crude Oil Pipeline (EACOP).

 

President Museveni was received at the Julius Nyerere International Airport (JNIA) by President Samia Suluhu Hassan as the two countries looked forward to finalise the crude oil pipeline deal.

 

This is the second signing after the April 11 signing in Uganda’s capital Kampala, and it is the last signing agreement popularly known as the Host Government Agreement (HGA).

 

The two countries signed the Host Government Agreement, Share Holder Agreement (for the pipeline company) and Tariff agreements.

 

The Thursday signing was done between the Tanzania government and Total Limited and its partner, the Chinese state-owned company CNOOC. This will see the investors get equal dividends according to an earlier agreement.

 

According to Tanzanian officials, is the last HGA agreement that will allow the project to commence immediately from Hoima, Uganda to Chongoleani peninsular in Tanga port Tanzania covering a stretch of 1,445 kilometres.

 

President Museveni becomes the first head of state to visit Tanzania since President Samia was sworn in on March 19, 2021.