Uganda Makes Final Investment Decision For EACOP February 1

Uganda will on Tuesday February 1,2022  announce  the Final Investment Decision for the East Africa Crude Oil Pipeline (EACOP), Tilenga and the Kingfisher project.

The EACOP is a 1,443km crude oil export pipeline that will transport Uganda’s crude oil from Kabaale – Hoima in Uganda to the Chongoleani peninsula near Tanga port in Tanzania.

The heated crude oil pipeline, the longest of its kind in the world, is estimated at $3.5 billion.

Upon completion, it will make Uganda join the ranks of oil producing countries.

The pipeline works will be undertaken by Total E&P, CNOOC, Crude Oil Pipeline together with the two governments of Uganda and Tanzania.

The pipeline will, on completion, carry 216,000 barrels of crude oil for export daily.

The announcement will be broadcast live on YouTube and Twitter and Facebook pages of UNOC.