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Uganda set to announce $3.5bn investment into its oil sector

Uganda is close to announcing a final investment decision on a US$3.5 billion deal with French oil major Total and CNOOC on Sunday, according to local media reports. The project is the East-African Crude Oil Pipeline (EACOP), a 1,443-kilometer-long (897 miles) pipeline expected to transport more than one billion barrels of crude oil from Uganda…

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