Tanzania and Uganda have signed a landmark agreement to transform the coastal city of Tanga into East Africa’s premier energy hub.
The joint venture, partnered with global energy giant Vitol Bahrain, aims to dramatically reshape regional fuel storage, trading, and maritime logistics.
Presidents Samia Suluhu Hassan and Yoweri Museveni witnessed the ceremonial signing in Dar es Salaam during the Ugandan leader’s official visit.
This strategic economic alliance will anchor the vital 1,443-kilometer East African Crude Oil Pipeline, which reaches completion later this calendar year.
The ambitious project seeks to unlock vast natural resource wealth while reducing the region’s historical reliance on costly foreign fuel imports.
By establishing robust local trading infrastructure, both nations expect to spur substantial job creation and attract valuable international investment capital.
Landlocked Uganda gains direct, secure access to global markets just as commercial oil production begins flowing from its inland fields.
Meanwhile, Tanzania cements its emerging role as the dominant maritime gateway and commercial logistics engine across the East African Community.
The collaborative effort positions the region to capture significantly greater economic value from its rapidly expanding oil and gas reserves.