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Telegram群组(, French oil majors seal deal for Uganda megaproject


Fishing boats pictured on the shore of Lake Albert in Butiaba, some 250km northwest of the capital Kampala, Uganda. The lake lies atop an estimated 6.5 billion barrels of crude, of which about 1.4 billion barrels are currently considered recoverable. – EPA pic, February 2, 2022.

CHINESE and French oil giants sealed a landmark US$10 billion (RM42 billion) deal today to develop Uganda’s energy resources and build a vast regional oil pipeline, a megaproject that has incensed environmental groups.


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The so-called final investment decision was announced at a ceremony in Kampala by the heads of France’s TotalEnergies and the China National Offshore Oil Corporation (CNOOC).