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Jeff Mbanga Profile picture
Jeff Mbanga
@jeff_mbanga
Oil and Gas I Energy and Mining I Tax and Financial Markets l East Africa l Swim Dad.
Nov 19, 2019 • 12 tweets • 2 min read
On October 31, President Museveni met the top Uganda managers of Total E&P, Cnooc, and Tullow Oil at State House Entebbe. The Uganda Govt made some new interesting offers to the oil companies. Here are the details of that offer. WARNING: THIS IS A VERY LONG THREAD!!!! A brief intro: The oil companies plan to build a $3.5bn crude oil pipeline to Tanzania. But before they can commit money to this project, Total E&P and Cnooc have to buy 21.5% shares of Tullow Oil's Uganda stake. Without this deal, the pipeline project cannot move ahead.