Total’s $5-Billion Uganda Project Set For Imminent Go-Ahead

The final investment decision on a US$5.1-billion project involving French oil giant Total in Uganda is expected to be announced as soon as on Sunday, Bloomberg quoted Uganda National Oil Company as saying late on Thursday. The project for tapping more than one billion barrels of crude oil in Uganda and transporting them out of the landlocked African country to an export terminal in neighboring Tanzania has seen several delays in recent years, due to changes in partnership structure and protracted negotiations with the Ugandan government on the…