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Tanzania endorses oil pipeline construction

Xinhua, September 30, 2016 Adjust font size:

Tanzania on Thursday announced to have officially agreed to implement the construction of a crude oil pipeline from Hoima District in Uganda to the port of Tanga.

According to a statement, the decision was reached at the cabinet meeting held in Dar es Salaam.

Tanzanian Prime Minister Kassim Majaliwa said in the statement that the construction of the pipeline, which will begin anytime from now, will end in 2020.

The project will cost 3.5 billion U.S. dollars, whereas out of the total, 3 billion dollars will be spent on constructing the pipeline on the Tanzanian side, said the statement.

Majaliwa added that the 1,443 km pipeline is expected to transport about 200,000 barrels of oil per day, whereby each barrel would be earning the nation 12.2 dollars.

He divulged that despite transporting the oil from Uganda, the pipeline will also be transporting oil from other countries such as DRC Congo and South Sudan.

The PM added that the project will also bring 15,000 employment opportunities to Tanzanians during construction, and 2,000 more after the completion. Enditem