Uganda, Tanzania to Study Possibility of Crude Pipeline

AMPALA, Oct 12 (Reuters) - Uganda and Tanzania have signed an agreement to explore the possibility of building a crude oil pipeline between the two countries, Uganda's Ministry of Energy and Mineral Development said on Monday.

 

"The (agreement) creates a working framework for the potential development of a crude export pipeline from Hoima to Tanga Port of Tanzania," the ministry said in a statement.

 

"The objective is to select a route that will result in the lowest unit transportation cost that constitutes the most viable option for the crude export pipeline," it said.