Browsing: crude oil pipeline

Uganda and Tanzania are building the world's longest electrically heated oil pipeline to export oil from Uganda through the port of Tanga in Tanzania. www.theexchange.africa

The EACOP is a 1,443km pipeline that is been constructed at a value of 3.5 Billion USD. These funds are been directly injected into the economies of Uganda and Tanzania effectively increasing their FDI by over 60 % during the construction phase alone.

The magnanimous project is been constructed and operated through a shareholding approach among several stakeholders including the government of Uganda through the Uganda National Oil Company (UNOC), the government of Tanzania through the Tanzanian Petroleum Development Corporation (TPDC), France’s Totalenergies and China’s CNOOC.

It is expected that through the East African Crude Oil Pipeline, the region’s East Africa’s oil potential. It will effectively attract investors and companies to explore the region’s oil potential. Further still, as new infrastructure projects commence in line with the pipeline, it will greatly contribute to the enhancement of the central corridor between Uganda and Tanzania.…

www.theexchange.africa
  • The construction of the world’s largest heated crude oil pipeline, a 1443km pipeline, has started in Uganda
  • The government of Uganda and Tanzania’s administration signed an agreement for the development of EACOP in May 2017, and a foundation stone was installed in August of the same year
  • It is estimated to cost approximately $3.5 billion, with equity investors expected to contribute 30% of the cost, while international loans will cover the remaining 70%

The onset of 2022 has given life to the commencement of the world’s largest heated crude oil pipeline, with compensation for land acquisition in Uganda already in progress.

In an EACOP national content supply development workshop in Uganda, Michael Tiffen told Next Media Uganda that early last year, Uganda’s president, Yoweri Museveni, Tanzania’s president, Samia Suluhu, and the two oil companies—TotalEnergies and China National Offshore Oil Corporation (CNOOC)—have agreed to start the construction.

According to Michael Tiffen, …