https://en.sputniknews.africa/20250103/construction-of-uganda-tanzania-crude-oil-pipeline-on-track-minister-says-1070007386.html
Construction of Uganda-Tanzania Crude Oil Pipeline on Track, Minister Says
Construction of Uganda-Tanzania Crude Oil Pipeline on Track, Minister Says
Sputnik Africa
Uganda’s energy minister stated to the media last October that, due to difficulties in securing loans from Western banks, EACOP project stakeholders had... 03.01.2025, Sputnik Africa
2025-01-03T11:17+0100
2025-01-03T11:17+0100
2025-01-03T11:17+0100
sub-saharan africa
uganda
tanzania
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east african crude oil pipeline (eacop)
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The construction of the East African Crude Oil Pipeline (EACOP), a major infrastructure project linking Uganda’s oil-rich Albertine Graben to Tanzania’s Tanga seaport, is progressing according to schedule, Uganda’s Minister of Energy and Mineral Development Ruth Nankabirwa announced on Thursday.The $3.55-billion project spans 1,443 kilometers and has reached critical milestones, Nankabirwa said. So far, 1,100 km of line pipe has been delivered to Tanzania, with 90 km of the pipeline welded in the country. In Uganda, over 10 km of line pipes have been welded. The completion of a thermal insulation plant in Tanzania and the ongoing civil works at pump stations, main camps, and pipe yard sites highlight the steady pace of the project.The EACOP is being constructed by China Petroleum Pipeline Engineering Co., which began civil works in 2024. Once completed, the pipeline will transport Uganda’s crude oil to international markets, facilitating the commercialization of the country’s oil reserves. Uganda discovered 6.5 billion barrels of oil in 2006, of which 1.4 billion barrels are considered commercially viable, according to the Ministry of Energy.Minister Nankabirwa emphasized the importance of the project, noting its potential to drive economic growth and energy security in the region. The pipeline is expected to create thousands of jobs and generate significant revenue for Uganda and Tanzania.
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uganda, tanzania, china, east african crude oil pipeline (eacop), east africa, energy, infrastructure, oil pipeline, economy, asia, oil
Construction of Uganda-Tanzania Crude Oil Pipeline on Track, Minister Says
Christina Glazkova
Writer / Editor
Uganda’s energy minister stated to the media last October that, due to difficulties in securing loans from Western banks, EACOP project stakeholders had injected additional funds to continue the project. She mentioned that the financing had to be restructured from the original plan of 60% debt and 40% equity to an almost even 50/50 split.
The construction of the East African Crude Oil Pipeline (EACOP), a major infrastructure project linking Uganda’s oil-rich Albertine Graben to Tanzania’s Tanga seaport, is progressing according to schedule, Uganda’s Minister of Energy and Mineral Development Ruth Nankabirwa
announced on Thursday.
The $3.55-billion project spans 1,443 kilometers and has reached critical milestones, Nankabirwa said. So far, 1,100 km of line pipe has been delivered to Tanzania, with 90 km of the pipeline welded in the country. In Uganda, over 10 km of line pipes have been welded. The completion of a
thermal insulation plant in Tanzania and the ongoing civil works at pump stations, main camps, and pipe yard sites highlight the steady pace of the project.
The EACOP is being constructed by
China Petroleum Pipeline Engineering Co., which began civil works in 2024. Once completed, the pipeline will transport Uganda’s crude oil to international markets, facilitating the commercialization of the country’s oil reserves. Uganda discovered
6.5 billion barrels of oil in 2006, of which
1.4 billion barrels are considered commercially viable, according to the Ministry of Energy.
Minister Nankabirwa emphasized the importance of the project, noting its potential to drive economic growth and energy security in the region. The pipeline is expected to create thousands of jobs and generate significant revenue for Uganda and Tanzania.
