The Environmental Social Impact Assessment report for the East Africa Crude Oil Pipeline is in the final stages and will be completed by next month. The pipeline will take Ugandan crude from the Lake Albert region to the Port of Tanga on the Tanzanian coast.
The completion and approval of the report will give the green light for Total to start of the implementation of the project. The pipeline is expected to cost $3.5 billion and is planned to have the capacity to transport 216,000 bpd.
According to earlier negotiations, Uganda will pay Tanzania $12.20 for each barrel flowing through the pipeline. It was said that the company would submit the report to the National Environment Management Council by December for approval.
Source: Petroleum Africa