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
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
