East African Crude Pipeline project worth $3.5 billion deferred

The anticipated East African Crude Pipeline project (EACOP) involving Tanzania and Uganda, has just been postponed by oil-goliath Total SA until further notice. The reason given for the shelving of the project is due to a broken deal pertaining Tullow Oil Company failure to sell its stakes to Total SA and China National Offshore Oil … Continue reading East African Crude Pipeline project worth $3.5 billion deferred