Total Suspends Planned $3.5 billion Uganda-Tanzania Oil Pipe
- Termination of activities to develop the line adds to delays
- Tullow last week abandoned effort to sell stake to partners
Photographer: Andrew Burton/Getty Images
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Total SA has suspended its planned $3.5 billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil Plc’s oil fields in Uganda.
The French oil major has terminated all activities related to the 1,445-kilometer (898-mile) conduit from its crude fields in Uganda to Tanga in Tanzania because shared ownership in the project was to be determined upon the completion of the Tullow deal, an official familiar with the project at Total’s Ugandan office said.