DAR ES SALAAM, Aug. 7 -- TANZANIA and Uganda yesterday signed a Memorandum of Understanding (MoU) to jointly develop the proposed Tanga Regional Energy Hub, marking a major step towards deeper energy cooperation, industrialisation and regional trade.

The proposed project comprises a crude oil refinery, a terminal tank farm for storing and loading refined petroleum products, a crude oil receiving jetty and a bidirectional multiproduct pipeline linking Tanga and Uganda.

The MoU was signed by Tanzania Petroleum Development Corporation (TPDC) Executive Director Mussa Makame, Uganda National Oil Company (UNOC) Chief Executive Officer Proscovia Nabbanja and Vitols Managing Director for Bahrain Tom Baker.

The signing was witnessed by Presiden...