Total SA has suspended, according to Bloomberg, a US-based online news agency, all planned activities on the $3.5b crude export pipeline. The pipeline, which stretches from Hoima District in western Uganda to Tanzania, is said to have been suspended after the collapse of a deal in which Tullow Oil Plc had hoped to dispose at least 21.7 per cent of its stake in Uganda to joint venture partners Total E&P and CNOOC. Bloomberg reported Wednesday, without providing more details that Total E&P had terminated all activities related to the 1,445-kilometer pipeline. It is not yet clear what impact the suspension…
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