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

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