
EACOP Secures First Tranche of External Financing
Connecting Uganda’s Kingfisher and Tilenga oilfields with Tanzania’s Port of Tanga, the East African Crude Oil Pipeline offers a direct route to market for Ugandan crude.
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Connecting Uganda’s Kingfisher and Tilenga oilfields with Tanzania’s Port of Tanga, the East African Crude Oil Pipeline offers a direct route to market for Ugandan crude.
Currently 47.1% complete, the EACOP is expected to drive socioeconomic development in East Africa on the back of the region’s immense oil and gas resources.
The East African Crude Oil Pipeline will tap into an estimated 6.5 billion barrels of oil reserves in Uganda for export through Tanzania’s Port of Tanga.
The East African Crude Oil Pipeline is on track to fully start operations by 2026.
Standard Bank will fund the East African Crude Oil Pipeline
China is set to fund the development of the East African Crude Oil Pipeline (EACOP) which will transport oil from Uganda to the Tanzanian port of Tanga,
The coating plant will allow for safe transportation of crude oil along the East African Crude Oil Pipeline (EACOP).
The Invest in African Energy forum in Paris will spotlight opportunities to finance, supply and advance the transformative Tilenga – East African Crude Oil Pipeline (EACOP) project.
Developers of the EACOP project are seeking three billion dollars in debt financing for the financial close of the five-billion-dollar initiative.
The East African Crude Oil Pipeline has received its first 100 km of pipe at the Port of Dar es Salaam.