Chinese lenders are open and willing to discuss financing for the East African Crude Oil Pipeline Project (EACOP), the Chinese Ambassador to Uganda, H.E. Zhang Lizhong, has told Uganda’s President…
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Stanbic Bank Uganda, Uganda’s largest bank and a subsidiary of the Standard Bank Group, Africa’s largest banking group has said that it is still doing its own due diligence on…
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Commercial efforts by Uganda to extract and commercialise her oil and gas resources received a major boost this week as the East African Crude Oil Pipeline (EACOP) Ltd on 26th…
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In the wake of the announcement of the Final Investment Decision (FID) in February 2022, the Petroleum Authority of Uganda (PAU) has sanctioned contracts valued at approximately USD7.16 billion. Of…
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2024 will be a defining year for Uganda’s oil sector with several investment deals to be inked as the oil project nears its first oil in 2025. Noteworthy is that…
The East African Crude Oil Pipeline (EACOP) has announced the arrival of the first shipment of 100 km of line pipes at the port of Dar-es-Salaam in Tanzania. This signals the…
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Weeks after French oil and gas major, Total S.A announced suspension of the 1,445-kilometer and USD3.5 billion East Africa Crude Oil Pipeline (EACOP), CEO East Africa understands Total has also…
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“I am extremely disappointed. No body gains from the paralysis of these Brexit like discussions.”These were the words of Dr. Elly Karuhanga, the Chairman, Uganda Chamber of Mines & Petroleum…
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Total SA has suspended, according to Bloomberg, a US-based online news agency, all planned activities on the $3.5b crude export pipeline. The pipeline, which stretches from Hoima District in western…
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