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Launch Of Crude Oil Pipeline Postponed To April After Magufuli Death

President Museveni (left)and his Tanzania counterpart John Pombe Magufuli (RIP) sign a pact for the East Africa Crude Oil Pipeline (EACOP) project in Tanzania in September last year. PHOTO | Daily Monitor

The launch of the Tilenga Development Project and the East African Crude Oil Pipeline (EACOP) project, which was planned to take place on 22nd March, 2021, has been deferred to April 2021 due to the very sad and untimely demise of Dr. John Pombe Magufuli, the former President of the United Republic of Tanzania, the Petroleum Authority of Uganda (PAU) said in a statement.

“President Magufuli’s astute leadership set a strong foundation for the EACOP project, with key milestones that included the signing of the Inter-Governmental Agreement (IGA) in 2017, and the initialling of the Tanzania Host Government Agreement (HGA) in 2020,” PAU’s statement reads in part.

It adds: “The Petroleum Authority of Uganda joins the people of the United Republic of Tanzania in this period of national mourning.”

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Taddewo William Senyonyi
https://www.facebook.com/senyonyi.taddewo
William is a seasoned business and finance journalist. He is also an agripreneur and a coffee enthusiast.

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