Uganda secures more pipeline funding
Plans for route linking to an export point in Tanzania continue to advance
The Saudi Arabia-headquartered Islamic Development Bank (IsDB) has pledged $100mn in funding towards the East Africa Crude Pipeline (Eacop) project. The scheme will allow Uganda to export its crude oil through neighbouring Tanzania and is a requirement for the TotalEnergies-led Lake Albert oil development. Eacop is being developed as a public-private partnership, combining funding from various private and public sources “to attract private sector investment and expertise”, says the IsDB. “The project will enable Uganda, a landlocked country, to emerge as a regional oil producer with export capacity to international markets”, the IsDB continues. The planned pipeline terminates in an export fa
Also in this section
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
22 March 2024
And the outlook for the country’s upstream appears to have improved following legal setbacks in 2023