Extensive progress has been made on the East African Crude Oil Pipeline (EACOP) project, with the construction of a high-tech oil export terminal in Tanga – Tanzania, attaining crucial targets. The facility, a cornerstone of the 1,443-kilometer pipeline linking Uganda’s Lake Albert oilfields to Tanzania’s Indian Ocean coast to access international oil markets, is designed to position East Africa as a key player in global energy markets. Ambassador (Rtd.) Col. Fred Mwesigye, leading a delegation from the Ugandan High Commission in Tanzania and the Petroleum Authority of Uganda (PAU) on a tour of various EACOP facilities in Tanzania, praised the…
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Uganda’s Energy Ministry Permanent Secretary, Irene Batebe has, in an exclusive interview with the CEO Magazine, revealed that government is on course with Dubai- based Alpha MBM Investments to have agreements signed ‘soon’ for the financing and construction of the oil refinery at Kabalega Industrial Park in Hoima District. The government oil refinery investment deal is under the belt of Uganda National Oil Company (UNOC) which handles the country’s commercial interests in the petroleum sector. Tony Otoa, the UNOC Corporate Affairs Director said the details of the deal will be shared after financial closure, dismissing reports of an online article…
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Ms. Irene Batebe is a chemical/ process engineer and holds a Bachelor’s Degree in Chemical and Process Engineering from the University of Dar es Salaam (Tanzania), a Master’s in Advanced Chemical Engineering majoring in Refinery Design and Operations from the University of Manchester, United Kingdom and a Master’s in Mechanical Engineering specializing in Sustainable Energy Engineering from the Royal Institute of Technology – KTH, Sweden. Having worked at the Energy Ministry for close to two decades in the areas of Energy and Petroleum, Batebe remains a crucial asset with her vast experience in leading negotiations for key oil agreements, and…
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Another milestone in the construction of the East African Crude Oil Pipeline (EACOP) has been reached with the first delivery of nine trucks loaded with coated line pipes at Main Camp and Pipe Yard (MCPY) 4 in Kyotera District, Uganda. The coated line pipes will be transported to designated storage sites and laid along the 1,443-kilometer heat-traced crude oil pipeline. The EACOP will transport Uganda’s crude oil from the Hoima Terminal in Uganda to Tanga Port in Tanzania, where it will be exported to international markets. To date, the project has received 800 kilometres of line pipes, which are currently…
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Makerere University students are set to benefit from a Memorandum of Understanding (MoU) signed between officials of the university and The East African Crude Oil Pipeline, on behalf of its contractors and suppliers to provide a framework that will guide collaboration between the two entities towards the realisation of the National Content Capacity Building initiatives in the oil and gas industry, and other Corporate Social Responsibility (CSR) initiatives and projects. EACOP is a project company set up to develop, build and operate a pipeline system which will transport crude oil from Kabalega Industrial Park in Hoima District in Uganda to the…
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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 Yoweri Kaguta Museveni. The Chinese envoy to Uganda, together with Ambassador Xue Bing, the Special Envoy for the Horn of Africa Affairs of the Chinese Foreign Ministry were meeting Mr. Museveni on April 4th, 2024, at his Kisozi Farm to convey a special message from the President of the People’s Republic of China, His Excellency Xi Jinping. According to a statement released by Uganda’s Statehouse, H.E Xi Jinping in a…
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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 financing of the East African Crude Oil Pipeline (EACOP). However, the bank added that it is as committed to strict adherence to global standards on environment and social safety, as it is committed to a just energy transition. Responding to a question during the just-ended presentation of the bank’s 2023 financial performance, held at the Kampala Serena Hotel on March 25, 2024, Paul Muganwa, the Head of Corporate and Investment…
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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 of March 2024 inaugurated its Thermal Insulation Plant (TIS Plant). The East African Crude Oil Pipeline is a 1,443km crude oil export infrastructure that will transport Uganda’s crude oil from Kabaale – Hoima in Uganda to the Chongoleani peninsula near Tanga in Tanzania for export to the international market. This major export system includes 1,443 km (296 km in Uganda and 1147km in Tanzania) of insulated and buried 24” inch…
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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 this sum, nearly USD1.8 billion (equivalent to UGX7 trillion) worth of contracts has been allocated to Ugandan companies. These contracts are currently at various stages of execution. Ms. Gloria Sebikari, the Manager of Corporate Affairs at PAU, anticipates a surge in contract numbers once construction begins on the East African Crude Oil Pipeline (EACOP). She stated, “most of the contracts awarded thus far are in the upstream sector, but we…
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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…
