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
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
