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The right way? TotalEnergies, CNOOC make final decision on $10 bln Uganda, Tanzania oil project

TotalEnergies (TTEF.PA) and its partner China National Offshore Oil Corporation have reached a deal with Uganda and Tanzania to invest more than $10 billion in developing crude oil production in East Africa.

The project will cover the development of oil fields, processing facilities and a pipeline network in Uganda, plus an export pipeline through Tanzania to carry landlocked Uganda’s crude to a port on the Indian Ocean.

Read more: Reuters

 


 

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