Tanzania ni 15% wacha kuropoka soma latest news!
The Tanzanian HGA was due for signing on Sunday but was delayed due to last minute changes in Tanzania’s shareholding in the EACOP. The new shareholding structure, as detailed in the Shareholders Agreement, which defines the rights and responsibilities of the shareholders in the pipeline company as signed on Sunday, is; Uganda through Unoc with 15 per cent, Total Holdings International B.V. with 62 per cent, Tanzania through its national oil company, TPDC, with 15 per cent, and Cnooc with 8 per cent.
Although officials do not state the exact start date, they say a few items need to be sorted to pave the way for works
[The shareholders are: Uganda National Oil Company (UNOC) with 15%, Total (62%), CNOOC Uganda (8%) and the Tanzania Petroleum Development Corporation (15%)].
Uganda will see its current Gross Domestic Product (GDP) grow by 22% by the end of construction of the East African Crude Oil Pipeline (EACOP), Dr. Mary Goretti Kitutu, the minister of Energy and Mineral Development, has said.