Protests against the EACOP pipeline in Kampala
Ugandan crude export pipeline boost
EACOP has overcome a significant hurdle, with a group of regional banks providing an initial financing tranche for a scheme that has attracted criticism from environmental campaigners
Efforts to build a pipeline to send crude oil 1,443km from Uganda’s Lake Albert oilfields to Tanzania’s port of Tanga inched forward in late March, with the first external financing tranche closing on the East African Crude Oil Pipeline. EACOP Ltd—shareholders in which are TotalEnergies (62%), Uganda National Oil Company Limited (UNOC: 15%), Tanzania Petroleum Development Corporation (TPDC: 15%) and China’s state-controlled CNOOC (8%)—said the successful closing of this first tranche of external financing, understood to be worth $1b, represented a significant milestone. EACOP said it demonstrates the support of financial institutions on “transformative regional infrastructure”. The financing
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
