Tanzania and Uganda strike profit-sharing oil pipeline agreement
14 September 2020 - 19:13
Dar es Salaam — Tanzanian President John Magufuli said he had agreed with his Ugandan counterpart on the sharing of profit from a jointly planned $3.5bn crude-export pipeline.
“We have agreed that Tanzania will take 60% of the profits and Uganda will remain with 40%,” Magufuli said in a televised event on Sunday from his hometown of Chato after a meeting with Ugandan President Yoweri Museveni...
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