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
Also in this section
20 March 2025
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
20 March 2025
Tariffs, sanctions and trade conflicts are upending the oil market, impacting crude differentials and shipping rates and creating uncertainty
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
19 March 2025
Iran’s oil is caught in the crosshairs of support from China and Russia and US maximum pressure, with options becoming more and more limited
