![]() ![]() Tanzania and Uganda also last week signed a deal with French and Chinese oil firms on the pipeline that will link Tanzania’s port Tanga to oil fields in Uganda. Last week, after years of delay, France’s Total and China’s Cnooc signed the Final Investment Decision to proceed with the project, but all of the required financing has yet to be secured. Four out of five of South Africa’s biggest lenders have said they will not participate in the project, bringing to 15 in total the number of financial institutions that will not support the project.
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