The Eacop pipeline would allow Uganda to access an export terminal in Tanzania
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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