Construction of a $4 billion (about Sh8.7 trillion) crude oil pipeline from Lake Albert-Kabaale in Uganda to Tanga Port will commence in August this year, Tanzania Petroleum Development Corporation (TPDC) announced yesterday. The 1,403km pipeline will take three years to complete and Uganda, with the help of international oil companies, will avail construction funds and Tanzania, the land. The announcement comes just days after President John Magufuli and his Ugandan counterpart Yoweri Museveni blessed the project during last week’s East African Community (EAC) Heads of State Summit in Arusha. During the construction phase, some 10,000 people, a sizeable number of them being Tanzanians, will get jobs while between 1,000 to 5,000 would be employed later when the project operations starts, according to TPDC projections. Initially, Uganda had two options of sending its crude oil to the international market. The available options were constructing a pipeline […]