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Uganda says Tanzania to cap its oil transit fees at $12.20

Uganda said yesterday the cost of pumping its crude oil via a pipeline through Tanzania will be capped at $12.20 (Sh1,235) per barrel although the two had yet to agree a final levy in a project likely to be a public private partnership.

On Saturday landlocked Uganda said it had picked a route through Tanzania to Tanga port for the pipeline, rejecting one through Kenya, with which it had agreed last year to host the same pipeline.

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