EACOP Financing to Conclude by End of 2023
Debt financing for the East African Crude Oil Pipeline is expected to be concluded by the end of 2023.
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Debt financing for the East African Crude Oil Pipeline is expected to be concluded by the end of 2023.
The Ugandan government has approved the construction license for the 1,443km EACOP pipeline.
Energy Capital & Power spoke with Proscovia Nabbanja, CEO of the Uganda National Oil Company, about the need to change the narrative of the East African Crude Oil Pipeline.
Hon. Ruth Nankabirwa Ssentamu, Minister of Energy and Mineral Development of Uganda provided insight into the country’s energy development journey and the challenges the country is facing in this regard.
Africa’s largest pipeline projects are implementing new strategies to secure financing, which will be explored at next year’s Invest in African Energy forum in Paris.
The Invest in African Energy forum in Paris next May will explore solutions for streamlining and advancing African energy projects for operators and investors.
The withdrawal of Western financial support from Africa’s oil and gas sector, coupled with delays in key projects due to lack of investment, threatens to undermine the continent’s energy development and economic progress says the African Energy Chamber.
Chinese investment in Africa hit nearly $11 billion in 2023, with the majority flowing to the mining sector.
Uganda has more than doubled its annual oil and gas budget for the financial year 2024/2025.
A midstream and downstream-focused panel will explore investment opportunities in the sector at the Invest in African Energy (IAE) forum, kicking off next week in Paris.