Thursday, June 10, 2021

American and Chinese Companies Collaborate on Upstream Oil Project in Uganda

 Upstream posted on 9 June 2021 an article titled "US-Sino Pairing Scoops $2bn Contract to Build Major Oil Facilities in Uganda" by Iain Esau.

A consortium of US-based McDermott International and China's Sinopec International Petroleum Service Corporation have secured a conditional letter of award for a $1.9 billion contract to build the upstream facilities for TotalEnergies oil facilities on the shores of Lake Albert in Uganda.  

In the current Sino-American political environment, this is a rare and significant case of business cooperation in Africa by American and Chinese companies.